Foundation Medical Partners Inc
Foundation Medical Partners Inc consistently operates at a significant deficit, with expenses regularly exceeding revenue by tens of millions annually.
EIN: 20456218 · Nashua, NH · NTEE: E99I · Updated: 2026-03-28
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Foundation Medical Partners Inc is mapped to EIN 20456218.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $127.6M |
| Total Expenses | $164.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $125 |
| Net Assets | $-2,363,168 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Foundation Medical Partners Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Foundation Medical Partners Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Foundation Medical Partners Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $125.3M and expenses of $164.9M.
Revenue and Expenses
Foundation Medical Partners Inc reported $125.3M in revenue and $164.9M in expenses, a deficit of $39.6M.
Executive Compensation
Top officer compensation appears as $125 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Foundation Medical Partners Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $140.2M (85%) |
Across stored filings, Foundation Medical Partners Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and Health context |
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Foundation Medical Partners Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation Medical Partners Inc
Foundation Medical Partners Inc (EIN: 20456218) is a nonprofit organization based in Nashua, NH, classified under NTEE code E99I. The organization reported total revenue of $127.6M and total assets of $63.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation Medical Partners Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation Medical Partners Inc is a major nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $125.3M |
| Total Expenses | $164.9M |
| Surplus / Deficit | $-39,617,945 |
| Total Assets | $57.1M |
| Total Liabilities | $59.5M |
| Net Assets | $-2,363,168 |
| Operating Margin | -31.6% |
| Debt-to-Asset Ratio | 104.1% |
| Months of Reserves | 4.2 months |
Financial Health Grade: C
In 2023, Foundation Medical Partners Inc reported a deficit of $39.6M with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 104.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation Medical Partners Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | +1.0% | +10.0% |
| 2022 | +1.0% | +3.4% | -16.1% |
| 2021 | +7.8% | -1.0% | +22.2% |
| 2020 | +24.8% | +30.9% | +2.7% |
| 2019 | -17.9% | -17.4% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Foundation Medical Partners 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Foundation Medical Partners Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $39.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 104.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, which is highly unusual for an entity with over $125 million in annual revenue. This suggests that executive compensation may be paid by a related or parent organization, making it difficult to assess the true cost of leadership directly from these 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 Foundation Medical Partners Inc's IRS 990 filings:
- Consistent and significant operating deficits, with expenses regularly exceeding revenue by tens of millions (e.g., $39.6M deficit in 2023).
- Liabilities frequently exceed assets (e.g., $59.5M liabilities vs. $57.1M assets in 2023), indicating a potentially leveraged financial position.
- Reporting 0% officer compensation for an organization of this size and revenue, which lacks transparency regarding executive pay structure and source.
Strengths
The following positive indicators were identified for Foundation Medical Partners Inc:
- Consistent growth in total assets over the past decade, from $37.8M in 2014 to $57.1M in 2023.
- Substantial and growing revenue base, exceeding $125 million annually in recent years, indicating significant operational scale.
Frequently Asked Questions about Foundation Medical Partners Inc
Is Foundation Medical Partners Inc a legitimate charity?
Foundation Medical Partners Inc (EIN: 20456218) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $127.6M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Foundation Medical Partners Inc spend its money?
Foundation Medical Partners Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Foundation Medical Partners Inc tax-deductible?
Foundation Medical Partners Inc is registered as a tax-exempt nonprofit (EIN: 20456218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundation Medical Partners Inc CEO make?
Foundation Medical Partners Inc's highest-compensated officer earns $125 annually. The organization reported $127.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundation Medical Partners Inc's spending goes to programs?
Foundation Medical Partners Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation Medical Partners Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Foundation Medical Partners Inc is above average for NTEE category E99I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation Medical Partners Inc located?
Foundation Medical Partners Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20456218. It is classified under NTEE code E99I.
How many years of IRS 990 filings does Foundation Medical Partners Inc have?
Foundation Medical Partners Inc has 13 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 $127.6M in total revenue.
Why does Foundation Medical Partners Inc consistently report significant operating deficits?
The organization's expenses have consistently exceeded its revenue by substantial amounts, for example, a $39.6 million deficit in 2023 ($164.9M expenses vs. $125.3M revenue). This pattern suggests either a reliance on external funding not classified as revenue on the 990, or a strategic operational model where deficits are covered by a parent organization or specific grants.
What is the true cost of executive compensation, given 0% reported on 990s?
The IRS 990 filings consistently show 0% officer compensation. For an organization with over $125 million in annual revenue, this is highly unusual and implies that executive compensation is likely handled and paid by a related or parent entity, making it difficult to ascertain the actual compensation costs directly from these filings.
Is the organization's financial position stable given its liabilities often exceed assets?
In several recent periods, such as 2023 ($59.5M liabilities vs. $57.1M assets) and 2021 ($71.8M liabilities vs. $61.9M assets), the organization's liabilities have exceeded its assets. While assets have grown over time, this indicates a potentially leveraged financial position that warrants closer scrutiny regarding long-term stability and debt management.
How does Foundation Medical Partners Inc cover its consistent operating deficits?
The consistent and significant operating deficits, such as the $39.6 million deficit in 2023, suggest that the organization must have other funding mechanisms or support from a parent entity to cover these shortfalls, as these deficits are not sustainable from reported revenue alone.
Filing History
IRS 990 filing history for Foundation Medical Partners Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation Medical Partners Inc's revenue has grown by 53.7%, moving from $81.5M to $125.3M. Total assets increased by 99.4% over the same period, from $28.7M to $57.1M. Total functional expenses rose by 66.5%, from $99.0M to $164.9M. In its most recent filing year (2023), Foundation Medical Partners Inc reported a deficit of $39.6M, with expenses exceeding revenue. The organization holds $59.5M in liabilities against $57.1M in assets (debt-to-asset ratio: 104.1%), resulting in net assets of $-2,363,168.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $125.3M | $164.9M | $57.1M | $59.5M | — | View 990 |
| 2022 | $127.4M | $163.3M | $52.0M | $55.2M | — | View 990 |
| 2021 | $126.2M | $157.9M | $61.9M | $71.9M | — | View 990 |
| 2020 | $117.0M | $159.5M | $50.7M | $61.9M | — | View 990 |
| 2019 | $93.8M | $121.8M | $49.4M | $50.1M | — | View 990 |
| 2018 | $114.2M | $147.4M | $48.8M | $49.2M | — | View 990 |
| 2017 | $106.3M | $137.5M | $43.9M | $45.5M | — | View 990 |
| 2016 | $102.6M | $128.3M | $41.8M | $40.8M | — | View 990 |
| 2015 | $98.5M | $120.9M | $39.4M | $37.8M | — | View 990 |
| 2014 | $97.7M | $117.9M | $37.8M | $37.7M | — | View 990 |
| 2013 | $95.3M | $111.9M | $35.3M | $35.7M | — | View 990 |
| 2012 | $88.7M | $104.9M | $31.3M | $32.2M | — | View 990 |
| 2011 | $81.5M | $99.0M | $28.7M | $26.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $125.3M, expenses of $164.9M, and assets of $57.1M (revenue -1.6% year-over-year).
- 2022: Revenue of $127.4M, expenses of $163.3M, and assets of $52.0M (revenue +1.0% year-over-year).
- 2021: Revenue of $126.2M, expenses of $157.9M, and assets of $61.9M (revenue +7.8% year-over-year).
- 2020: Revenue of $117.0M, expenses of $159.5M, and assets of $50.7M (revenue +24.8% year-over-year).
- 2019: Revenue of $93.8M, expenses of $121.8M, and assets of $49.4M (revenue -17.9% year-over-year).
- 2018: Revenue of $114.2M, expenses of $147.4M, and assets of $48.8M (revenue +7.4% year-over-year).
- 2017: Revenue of $106.3M, expenses of $137.5M, and assets of $43.9M (revenue +3.6% year-over-year).
- 2016: Revenue of $102.6M, expenses of $128.3M, and assets of $41.8M (revenue +4.2% year-over-year).
- 2015: Revenue of $98.5M, expenses of $120.9M, and assets of $39.4M (revenue +0.8% year-over-year).
- 2014: Revenue of $97.7M, expenses of $117.9M, and assets of $37.8M (revenue +2.5% year-over-year).
- 2013: Revenue of $95.3M, expenses of $111.9M, and assets of $35.3M (revenue +7.5% year-over-year).
- 2012: Revenue of $88.7M, expenses of $104.9M, and assets of $31.3M (revenue +8.8% year-over-year).
- 2011: Revenue of $81.5M, expenses of $99.0M, and assets of $28.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation Medical Partners Inc:
Data Sources and Methodology
This transparency report for Foundation Medical Partners 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.