Blue Ridge Healthcare Medical Group Inc
Blue Ridge Healthcare Medical Group Inc consistently operates at a deficit with rapidly increasing liabilities.
EIN: 20777195 · Morganton, NC · NTEE: E60 · Updated: 2026-03-28
Is Blue Ridge Healthcare Medical Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Ridge Healthcare Medical Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Ridge Healthcare Medical Group Inc
Blue Ridge Healthcare Medical Group Inc (EIN: 20777195) is a nonprofit organization based in Morganton, NC, classified under NTEE code E60. The organization reported total revenue of $64.5M and total assets of $21.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Ridge Healthcare Medical Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Ridge Healthcare Medical Group Inc is a major nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54.1M |
| Total Expenses | $73.8M |
| Surplus / Deficit | $-19,708,212 |
| Total Assets | $20.6M |
| Total Liabilities | $157.9M |
| Net Assets | $-137,302,724 |
| Operating Margin | -36.4% |
| Debt-to-Asset Ratio | 765.4% |
| Months of Reserves | 3.4 months |
Financial Health Grade: C
In 2023, Blue Ridge Healthcare Medical Group Inc reported a deficit of $19.7M with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 765.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blue Ridge Healthcare Medical Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.6% | +120.9% | -27.1% |
| 2022 | -58.0% | -50.0% | -4.1% |
| 2021 | +28.7% | +8.4% | +1.0% |
| 2020 | -3.8% | -3.2% | +39.8% |
| 2019 | +11.1% | +2.8% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Ridge Healthcare Medical Group Inc with a Mission Score of 60 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Blue Ridge Healthcare Medical Group Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 765.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues exceeding $60 million in some years. This suggests that executive salaries may be covered by a parent organization or are not directly reported on this specific entity's 990.
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 Blue Ridge Healthcare Medical Group Inc's IRS 990 filings:
- Consistent and significant operational deficits (e.g., $19.7M in 2023)
- Rapidly increasing liabilities (from $39M in 2014 to $157M in 2023)
- Unusually low or 0% reported officer compensation for an organization of this scale
- Assets significantly lower than liabilities, indicating potential insolvency risk
Strengths
The following positive indicators were identified for Blue Ridge Healthcare Medical Group Inc:
- Reported 0% officer compensation, indicating a potential commitment to minimizing executive overhead within this specific entity.
Frequently Asked Questions about Blue Ridge Healthcare Medical Group Inc
Is Blue Ridge Healthcare Medical Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Blue Ridge Healthcare Medical Group Inc (EIN: 20777195) some concerns. Mission Score: 60/100. 4 red flags identified, 1 strength noted.
How does Blue Ridge Healthcare Medical Group Inc spend its money?
Blue Ridge Healthcare Medical Group Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Blue Ridge Healthcare Medical Group Inc tax-deductible?
Blue Ridge Healthcare Medical Group Inc is registered as a tax-exempt nonprofit (EIN: 20777195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Blue Ridge Healthcare Medical Group Inc financially sustainable given its consistent deficits?
The organization has consistently reported expenses exceeding revenue, leading to significant deficits. For instance, in 2023, expenses were $73,802,587 while revenue was $54,094,375. This pattern, coupled with rapidly increasing liabilities from $39 million in 2014 to $157 million in 2023, raises serious questions about its long-term financial sustainability without external support.
Why is officer compensation reported as 0% for an organization of this size?
The consistent reporting of 0% officer compensation across all filings for an organization with tens of millions in revenue is highly unusual. This could indicate that executive salaries are paid by a parent entity or are structured in a way that they are not reported on this specific 990 form, rather than a complete absence of executive compensation.
What is the primary source of funding covering the consistent operational deficits?
Given the consistent and significant operational deficits (e.g., nearly $20 million in 2023), it is unclear from the provided data what the primary source of funding is to cover these shortfalls. This suggests a reliance on a larger health system or other external financial support not detailed in these summary figures.
How does the organization manage its rapidly increasing liabilities?
The organization's liabilities have increased dramatically from $39,022,597 in 2014 to $157,938,650 in 2023. This substantial growth in debt, alongside consistent operational deficits, warrants further investigation into the nature of these liabilities and the organization's strategy for managing and repaying them.
Filing History
IRS 990 filing history for Blue Ridge Healthcare Medical Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blue Ridge Healthcare Medical Group Inc's revenue has grown by 36.1%, moving from $39.8M to $54.1M. Total assets decreased by 4% over the same period, from $21.5M to $20.6M. Total functional expenses rose by 100.5%, from $36.8M to $73.8M. In its most recent filing year (2023), Blue Ridge Healthcare Medical Group Inc reported a deficit of $19.7M, with expenses exceeding revenue. The organization holds $157.9M in liabilities against $20.6M in assets (debt-to-asset ratio: 765.4%), resulting in net assets of $-137,302,724.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54.1M | $73.8M | $20.6M | $157.9M | — | View 990 |
| 2022 | $26.1M | $33.4M | $28.3M | $145.9M | — | View 990 |
| 2021 | $62.1M | $66.8M | $29.5M | $139.8M | — | View 990 |
| 2020 | $48.2M | $61.6M | $29.2M | $134.8M | — | View 990 |
| 2019 | $50.1M | $63.6M | $20.9M | $113.1M | — | View 990 |
| 2018 | $45.1M | $61.9M | $21.6M | $100.3M | — | View 990 |
| 2017 | $45.0M | $60.2M | $20.0M | $82.0M | — | View 990 |
| 2016 | $39.5M | $54.0M | $21.6M | $68.4M | — | View 990 |
| 2015 | $38.0M | $53.0M | $22.4M | $54.8M | — | View 990 |
| 2014 | $36.1M | $47.4M | $21.7M | $39.0M | — | View 990 |
| 2013 | $31.8M | $42.0M | $11.6M | $17.7M | — | View 990 |
| 2012 | $40.7M | $41.0M | $23.6M | $19.5M | — | View 990 |
| 2011 | $39.8M | $36.8M | $21.5M | $17.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54.1M, expenses of $73.8M, and assets of $20.6M (revenue +107.6% year-over-year).
- 2022: Revenue of $26.1M, expenses of $33.4M, and assets of $28.3M (revenue -58.0% year-over-year).
- 2021: Revenue of $62.1M, expenses of $66.8M, and assets of $29.5M (revenue +28.7% year-over-year).
- 2020: Revenue of $48.2M, expenses of $61.6M, and assets of $29.2M (revenue -3.8% year-over-year).
- 2019: Revenue of $50.1M, expenses of $63.6M, and assets of $20.9M (revenue +11.1% year-over-year).
- 2018: Revenue of $45.1M, expenses of $61.9M, and assets of $21.6M (revenue +0.2% year-over-year).
- 2017: Revenue of $45.0M, expenses of $60.2M, and assets of $20.0M (revenue +13.9% year-over-year).
- 2016: Revenue of $39.5M, expenses of $54.0M, and assets of $21.6M (revenue +4.0% year-over-year).
- 2015: Revenue of $38.0M, expenses of $53.0M, and assets of $22.4M (revenue +5.3% year-over-year).
- 2014: Revenue of $36.1M, expenses of $47.4M, and assets of $21.7M (revenue +13.5% year-over-year).
- 2013: Revenue of $31.8M, expenses of $42.0M, and assets of $11.6M (revenue -21.8% year-over-year).
- 2012: Revenue of $40.7M, expenses of $41.0M, and assets of $23.6M (revenue +2.3% year-over-year).
- 2011: Revenue of $39.8M, expenses of $36.8M, and assets of $21.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Ridge Healthcare Medical Group Inc:
Data Sources and Methodology
This transparency report for Blue Ridge Healthcare Medical Group 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.