Catholic Medical Center Physicians Practice Associates
Catholic Medical Center Physicians Practice Associates consistently operates with significant deficits, with expenses far exceeding reported revenue.
EIN: 20460245 · Manchester, NH · NTEE: E22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.0M |
| Total Expenses | $66.8M |
| Program Spending | 90% |
| Net Assets | $-8,372,562 |
| Transparency Score | 45/100 |
Is Catholic Medical Center Physicians Practice Associates Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catholic Medical Center Physicians Practice Associates directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Catholic Medical Center Physicians Practice Associates
Catholic Medical Center Physicians Practice Associates (EIN: 20460245) is a nonprofit organization based in Manchester, NH, classified under NTEE code E22Z. The organization reported total revenue of $30.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catholic Medical Center Physicians Practice Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catholic Medical Center Physicians Practice Associates is a large nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.9M |
| Total Expenses | $66.8M |
| Surplus / Deficit | $-46,853,763 |
| Total Assets | $568K |
| Total Liabilities | $8.9M |
| Net Assets | $-8,372,562 |
| Operating Margin | -235.4% |
| Debt-to-Asset Ratio | 1574.7% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Catholic Medical Center Physicians Practice Associates reported a deficit of $46.9M with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 1574.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Catholic Medical Center Physicians Practice Associates's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.1% | +0.9% | -55.6% |
| 2022 | +36.1% | +5.8% | +76.4% |
| 2021 | -14.9% | +0.4% | +3.8% |
| 2020 | -12.0% | -0.6% | -78.7% |
| 2019 | -11.9% | +8.6% | +130.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Catholic Medical Center Physicians Practice Associates with a Mission Score of 45 out of 100 (Fair). 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, Catholic Medical Center Physicians Practice Associates 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 $46.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1574.7%.
Executive Compensation Analysis
No officer compensation is reported across all available filings, suggesting either a volunteer leadership or that compensation is accounted for in other expense categories, which enhances transparency regarding direct executive pay but may obscure total compensation costs.
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 Catholic Medical Center Physicians Practice Associates's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $46.8M deficit in 202309).
- High liabilities relative to assets (e.g., $8.9M liabilities vs. $0.5M assets in 202309).
- Decreasing asset base in recent years (from $1.2M in 202209 to $0.5M in 202309).
Strengths
The following positive indicators were identified for Catholic Medical Center Physicians Practice Associates:
- No reported officer compensation, indicating potential volunteer leadership or efficient compensation structures.
- Long filing history (14 filings), suggesting consistent reporting to the IRS.
Frequently Asked Questions about Catholic Medical Center Physicians Practice Associates
Is Catholic Medical Center Physicians Practice Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Catholic Medical Center Physicians Practice Associates (EIN: 20460245) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Catholic Medical Center Physicians Practice Associates spend its money?
Catholic Medical Center Physicians Practice Associates directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Catholic Medical Center Physicians Practice Associates tax-deductible?
Catholic Medical Center Physicians Practice Associates is registered as a tax-exempt nonprofit (EIN: 20460245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Catholic Medical Center Physicians Practice Associates compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Catholic Medical Center Physicians Practice Associates is near average for NTEE category E22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catholic Medical Center Physicians Practice Associates located?
Catholic Medical Center Physicians Practice Associates is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20460245. It is classified under NTEE code E22Z.
How many years of IRS 990 filings does Catholic Medical Center Physicians Practice Associates have?
Catholic Medical Center Physicians Practice Associates has 14 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 $30.0M in total revenue.
How does Catholic Medical Center Physicians Practice Associates cover its substantial annual deficits?
The provided data consistently shows expenses significantly exceeding revenue (e.g., $66.7M expenses vs. $19.9M revenue in 202309). The source of funding to cover these deficits is not apparent from the revenue figures alone and would require further investigation into other income streams or financial support.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to fully assess spending efficiency. Without this, the assumed breakdown is based on the nature of a physician practice.
Why are assets decreasing while liabilities remain high?
Assets decreased from $1,277,749 in 202209 to $567,764 in 202309, while liabilities were $8,940,326 in 202309. This trend suggests potential financial strain or significant operational changes that are impacting the organization's balance sheet.
Filing History
IRS 990 filing history for Catholic Medical Center Physicians Practice Associates showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Catholic Medical Center Physicians Practice Associates's revenue has grown by 39.9%, moving from $14.2M to $19.9M. Total assets decreased by 65.3% over the same period, from $1.6M to $568K. Total functional expenses rose by 188.4%, from $23.1M to $66.8M. In its most recent filing year (2023), Catholic Medical Center Physicians Practice Associates reported a deficit of $46.9M, with expenses exceeding revenue. The organization holds $8.9M in liabilities against $568K in assets (debt-to-asset ratio: 1574.7%), resulting in net assets of $-8,372,562.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.9M | $66.8M | $568K | $8.9M | — | — |
| 2022 | $22.2M | $66.1M | $1.3M | $11.6M | — | View 990 |
| 2021 | $16.3M | $62.5M | $724K | $14.4M | — | View 990 |
| 2020 | $19.1M | $62.3M | $698K | $16.9M | — | View 990 |
| 2019 | $21.7M | $62.7M | $3.3M | $14.3M | — | View 990 |
| 2018 | $24.7M | $57.7M | $1.4M | $10.0M | — | View 990 |
| 2017 | $6.1M | $12.8M | $1.8M | $10.6M | — | View 990 |
| 2017 | $22.2M | $50.1M | $1.6M | $10.9M | — | View 990 |
| 2016 | $21.0M | $42.5M | $1.9M | $20.3M | — | View 990 |
| 2015 | $19.7M | $35.5M | $1.7M | $12.2M | — | View 990 |
| 2014 | $17.5M | $27.6M | $1.6M | $8.7M | — | View 990 |
| 2013 | $14.3M | $23.4M | $2.8M | $9.7M | — | View 990 |
| 2012 | $13.5M | $23.4M | $342K | $12.5M | — | View 990 |
| 2011 | $14.2M | $23.1M | $1.6M | $5.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.9M, expenses of $66.8M, and assets of $568K (revenue -10.1% year-over-year).
- 2022: Revenue of $22.2M, expenses of $66.1M, and assets of $1.3M (revenue +36.1% year-over-year).
- 2021: Revenue of $16.3M, expenses of $62.5M, and assets of $724K (revenue -14.9% year-over-year).
- 2020: Revenue of $19.1M, expenses of $62.3M, and assets of $698K (revenue -12.0% year-over-year).
- 2019: Revenue of $21.7M, expenses of $62.7M, and assets of $3.3M (revenue -11.9% year-over-year).
- 2018: Revenue of $24.7M, expenses of $57.7M, and assets of $1.4M (revenue +307.0% year-over-year).
- 2017: Revenue of $6.1M, expenses of $12.8M, and assets of $1.8M (revenue -72.6% year-over-year).
- 2017: Revenue of $22.2M, expenses of $50.1M, and assets of $1.6M (revenue +5.7% year-over-year).
- 2016: Revenue of $21.0M, expenses of $42.5M, and assets of $1.9M (revenue +6.2% year-over-year).
- 2015: Revenue of $19.7M, expenses of $35.5M, and assets of $1.7M (revenue +12.8% year-over-year).
- 2014: Revenue of $17.5M, expenses of $27.6M, and assets of $1.6M (revenue +22.1% year-over-year).
- 2013: Revenue of $14.3M, expenses of $23.4M, and assets of $2.8M (revenue +6.4% year-over-year).
- 2012: Revenue of $13.5M, expenses of $23.4M, and assets of $342K (revenue -5.5% year-over-year).
- 2011: Revenue of $14.2M, expenses of $23.1M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catholic Medical Center Physicians Practice Associates:
Data Sources and Methodology
This transparency report for Catholic Medical Center Physicians Practice Associates 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.