Bid Milton Physician Associates Inc
Bid Milton Physician Associates Inc: Rapid Growth, Financial Volatility
EIN: 222566792 · Charlestown, MA · NTEE: E21 · Updated: 2026-04-04
About Bid Milton Physician Associates Inc
Bid Milton Physician Associates Inc (EIN: 222566792) is a nonprofit organization based in Charlestown, MA, classified under NTEE code E21. The organization reported total revenue of $3.1M and total assets of $849K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bid Milton Physician Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bid Milton Physician Associates Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Bid Milton Physician Associates Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific figures are not available in the financial filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bid Milton Physician Associates Inc's IRS 990 filings:
- Consistent net losses: Expenses have exceeded revenue in recent years (e.g., 2023 expenses $3,636,960 vs. revenue $2,793,579).
- Significant asset and liability fluctuations: Assets dropped from $4,303,222 in 2022 to $703,883 in 2023, while liabilities also saw a substantial decrease.
- Rapid and unexplained growth from 2020 to 2021, with revenue jumping from $0 to $671,087 and assets from $7,845 to $3,240,062.
Strengths
The following positive indicators were identified for Bid Milton Physician Associates Inc:
- Demonstrated ability to significantly increase revenue year-over-year, from $0 in 2020 to over $2.7 million in 2023.
- Successful reduction of liabilities by over $1.5 million from 2022 to 2023, indicating efforts to improve financial health.
Frequently Asked Questions about Bid Milton Physician Associates Inc
What does Bid Milton Physician Associates Inc do?
Bid Milton Physician Associates Inc is a nonprofit organization in the Health Care sector, located in Charlestown, Massachusetts. It is classified under NTEE code E21.
How much revenue does Bid Milton Physician Associates Inc have?
Bid Milton Physician Associates Inc reported total revenue of $3,056,780. Based on 13 IRS 990 filings on record.
What are Bid Milton Physician Associates Inc's total assets?
Bid Milton Physician Associates Inc holds total assets of $848,657 as reported in IRS 990 filings.
Where is Bid Milton Physician Associates Inc located?
Bid Milton Physician Associates Inc is based in Charlestown, Massachusetts.
What is Bid Milton Physician Associates Inc's EIN?
Bid Milton Physician Associates Inc's Employer Identification Number (EIN) is 222566792. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bid Milton Physician Associates Inc?
Bid Milton Physician Associates Inc is classified under NTEE code E21 (Health Care).
Is Bid Milton Physician Associates Inc a registered 501(c)(3)?
Yes, Bid Milton Physician Associates Inc is recognized as a tax-exempt organization by the IRS. EIN: 222566792.
Does Bid Milton Physician Associates Inc file IRS Form 990?
Yes, Bid Milton Physician Associates Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Bid Milton Physician Associates Inc's revenue in 2023?
In the 202309 filing period, Bid Milton Physician Associates Inc reported total revenue of $2,793,579, total expenses of $3,636,960, and net assets of $703,883.
Is Bid Milton Physician Associates Inc's revenue growing or declining?
Bid Milton Physician Associates Inc's revenue is growing. Revenue went from $2,582,547 (202209) to $2,793,579 (202309), a +8.2% change. Based on 13 filings on record.
What is Bid Milton Physician Associates Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bid Milton Physician Associates Inc covers tax period 202309. It shows revenue of $2,793,579, expenses of $3,636,960, total assets of $703,883, and liabilities of $4,571,722.
How much does Bid Milton Physician Associates Inc spend on programs vs administration?
Based on IRS 990 analysis, Bid Milton Physician Associates Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Bid Milton Physician Associates Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bid Milton Physician Associates Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Bid Milton Physician Associates Inc?
The following concerns were identified: Consistent net losses: Expenses have exceeded revenue in recent years (e.g., 2023 expenses $3,636,960 vs. revenue $2,793,579).. Significant asset and liability fluctuations: Assets dropped from $4,303,222 in 2022 to $703,883 in 2023, while liabilities also saw a substantial decrease.. Rapid and unexplained growth from 2020 to 2021, with revenue jumping from $0 to $671,087 and assets from $7,845 to $3,240,062.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bid Milton Physician Associates Inc's strengths?
Positive indicators for Bid Milton Physician Associates Inc include: Demonstrated ability to significantly increase revenue year-over-year, from $0 in 2020 to over $2.7 million in 2023.. Successful reduction of liabilities by over $1.5 million from 2022 to 2023, indicating efforts to improve financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Bid Milton Physician Associates Inc compensate executives?
Executive compensation cannot be assessed from the provided data as specific figures are not available in the financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the dramatic increase in assets and liabilities between 2020 and 2021, and the subsequent sharp decline in assets in 2023?
The provided data shows assets jumping from $7,845 in 2020 to $3,240,062 in 2021, and then plummeting to $703,883 in 2023. Similarly, liabilities went from $0 in 2020 to $4,227,327 in 2021, then to $6,118,529 in 2022, before decreasing to $4,571,722 in 2023. This volatility suggests significant operational or structural changes, possibly involving large asset acquisitions/dispositions or debt restructuring, which are not detailed in the summary data.
Filing History
IRS 990 filing history for Bid Milton Physician Associates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bid Milton Physician Associates Inc's revenue has grown by 1349455.1%, moving from $207 to $2.8M. Total assets increased by 44.3% over the same period, from $488K to $704K. In its most recent filing year (2023), Bid Milton Physician Associates Inc reported a deficit of $843K, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $704K in assets (debt-to-asset ratio: 649.5%), resulting in net assets of $-3,867,839.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.6M | $704K | $4.6M | — | View 990 |
| 2022 | $2.6M | $3.4M | $4.3M | $6.1M | — | View 990 |
| 2021 | $671K | $1.7M | $3.2M | $4.2M | — | View 990 |
| 2020 | $0 | $0 | $8K | $0 | — | — |
| 2019 | $0 | $0 | $8K | $0 | — | View 990 |
| 2018 | $0 | $0 | $8K | $0 | — | View 990 |
| 2017 | $12 | $35 | $8K | $0 | — | View 990 |
| 2016 | $8 | $0 | $8K | $0 | — | View 990 |
| 2015 | $44 | $0 | $8K | $0 | — | View 990 |
| 2014 | $0 | $0 | $8K | $1 | — | View 990 |
| 2013 | $3K | $0 | $8K | $0 | — | View 990 |
| 2012 | $30 | $0 | $468K | $3K | — | View 990 |
| 2011 | $207 | $0 | $488K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.6M, and assets of $704K (revenue +8.2% year-over-year).
- 2022: Revenue of $2.6M, expenses of $3.4M, and assets of $4.3M (revenue +284.8% year-over-year).
- 2021: Revenue of $671K, expenses of $1.7M, and assets of $3.2M.
- 2020: Revenue of $0, expenses of $0, and assets of $8K.
- 2019: Revenue of $0, expenses of $0, and assets of $8K.
- 2018: Revenue of $0, expenses of $0, and assets of $8K (revenue -100.0% year-over-year).
- 2017: Revenue of $12, expenses of $35, and assets of $8K (revenue +50.0% year-over-year).
- 2016: Revenue of $8, expenses of $0, and assets of $8K (revenue -81.8% year-over-year).
- 2015: Revenue of $44, expenses of $0, and assets of $8K.
- 2014: Revenue of $0, expenses of $0, and assets of $8K (revenue -100.0% year-over-year).
- 2013: Revenue of $3K, expenses of $0, and assets of $8K (revenue +8236.7% year-over-year).
- 2012: Revenue of $30, expenses of $0, and assets of $468K (revenue -85.5% year-over-year).
- 2011: Revenue of $207, expenses of $0, and assets of $488K.
Data Sources and Methodology
This transparency report for Bid Milton Physician Associates Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.