Bmg Family Physicians Group Foundation Inc
EIN: 461953140 · Memphis, TN · NTEE: E30
| Metric | Value |
|---|---|
| Total Revenue | $15.4M |
| Total Expenses | $20.4M |
| Net Assets | $-47,844,434 |
Is Bmg Family Physicians Group Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bmg Family Physicians Group Foundation Inc
Bmg Family Physicians Group Foundation Inc (EIN: 461953140) is a nonprofit organization based in Memphis, TN, classified under NTEE code E30. The organization reported total revenue of $15.4M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bmg Family Physicians Group Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bmg Family Physicians Group Foundation Inc is a large nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.7M |
| Total Expenses | $20.4M |
| Surplus / Deficit | $-6,692,801 |
| Total Assets | $5.9M |
| Total Liabilities | $53.7M |
| Net Assets | $-47,844,434 |
| Operating Margin | -48.7% |
| Debt-to-Asset Ratio | 915.0% |
| Months of Reserves | 3.4 months |
Financial Health Grade: C
In 2023, Bmg Family Physicians Group Foundation Inc reported a deficit of $6.7M with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 915.0% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Bmg Family Physicians Group Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | +11.1% | +168.1% |
| 2022 | -10.0% | +1.6% | -17.7% |
| 2021 | +17.0% | +6.0% | +14.8% |
| 2020 | -6.1% | -1.1% | +70.2% |
| 2019 | +5.6% | +5.3% | +42.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bmg Family Physicians Group Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bmg Family Physicians Group Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 915.0%.
Frequently Asked Questions about Bmg Family Physicians Group Foundation Inc
Is Bmg Family Physicians Group Foundation Inc a legitimate charity?
Bmg Family Physicians Group Foundation Inc (EIN: 461953140) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $15.4M. No red flags identified. Financial health grade: C.
How does Bmg Family Physicians Group Foundation Inc spend its money?
Bmg Family Physicians Group Foundation Inc reported $15.4M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bmg Family Physicians Group Foundation Inc tax-deductible?
Bmg Family Physicians Group Foundation Inc is registered as a tax-exempt nonprofit (EIN: 461953140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bmg Family Physicians Group Foundation Inc located?
Bmg Family Physicians Group Foundation Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 461953140. It is classified under NTEE code E30.
How many years of IRS 990 filings does Bmg Family Physicians Group Foundation Inc have?
Bmg Family Physicians Group Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.4M in total revenue.
Filing History
IRS 990 filing history for Bmg Family Physicians Group Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Bmg Family Physicians Group Foundation Inc's revenue has grown by 21.2%, moving from $11.3M to $13.7M. Total assets increased by 209.5% over the same period, from $1.9M to $5.9M. Total functional expenses rose by 16.1%, from $17.6M to $20.4M. In its most recent filing year (2023), Bmg Family Physicians Group Foundation Inc reported a deficit of $6.7M, with expenses exceeding revenue. The organization holds $53.7M in liabilities against $5.9M in assets (debt-to-asset ratio: 915.0%), resulting in net assets of $-47,844,434.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.7M | $20.4M | $5.9M | $53.7M | — | View 990 |
| 2022 | $12.8M | $18.4M | $2.2M | $43.3M | — | — |
| 2021 | $14.2M | $18.1M | $2.7M | $38.2M | — | View 990 |
| 2020 | $12.1M | $17.1M | $2.3M | $34.1M | — | View 990 |
| 2019 | $12.9M | $17.3M | $1.4M | $28.1M | — | View 990 |
| 2018 | $12.2M | $16.4M | $957K | $23.3M | — | View 990 |
| 2017 | $12.1M | $16.6M | $1.2M | $19.4M | — | View 990 |
| 2016 | $12.3M | $16.0M | $1.4M | $15.1M | — | View 990 |
| 2015 | $11.6M | $15.5M | $1.5M | $11.5M | — | View 990 |
| 2014 | $11.3M | $17.6M | $1.9M | $8.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.7M, expenses of $20.4M, and assets of $5.9M (revenue +7.4% year-over-year).
- 2022: Revenue of $12.8M, expenses of $18.4M, and assets of $2.2M (revenue -10.0% year-over-year).
- 2021: Revenue of $14.2M, expenses of $18.1M, and assets of $2.7M (revenue +17.0% year-over-year).
- 2020: Revenue of $12.1M, expenses of $17.1M, and assets of $2.3M (revenue -6.1% year-over-year).
- 2019: Revenue of $12.9M, expenses of $17.3M, and assets of $1.4M (revenue +5.6% year-over-year).
- 2018: Revenue of $12.2M, expenses of $16.4M, and assets of $957K (revenue +0.9% year-over-year).
- 2017: Revenue of $12.1M, expenses of $16.6M, and assets of $1.2M (revenue -1.3% year-over-year).
- 2016: Revenue of $12.3M, expenses of $16.0M, and assets of $1.4M (revenue +6.0% year-over-year).
- 2015: Revenue of $11.6M, expenses of $15.5M, and assets of $1.5M (revenue +2.4% year-over-year).
- 2014: Revenue of $11.3M, expenses of $17.6M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bmg Family Physicians Group Foundation Inc:
Data Sources and Methodology
This transparency report for Bmg Family Physicians Group Foundation 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.