Overview
What is Bmg Family Physicians Group Foundation Inc?
Bmg Family Physicians Group Foundation Inc is a Memphis, Tennessee-based nonprofit organization dedicated to providing quality healthcare services to individuals regardless of race, creed, sex, national origin, handicap, or age. With a mission rooted in compassion, the foundation serves a diverse community, primarily from several states including Tennessee, Arkansas, and Mississippi. Despite the importance of reimbursement for their services, their commitment to the community goes beyond financial capabilities. The organization participates in Memphis Plan, a healthcare program for small businesses, and has over 40,000 active patient records. With 13 primary care physicians, 5 nurse practitioners, a physical therapist, and a non-surgical orthopedic physician, they offer various ambulatory services such as wellness screenings, immunizations, lab services, and imaging technologies. Their seven office locations are conveniently situated within the Memphis metro area, open Monday to Friday from 8:00 AM to 5:30 PM. Together, they aim to meet the growing needs for healthcare in their community.
Official website here: www.thefamilyphysiciansgroup.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Bmg Family Physicians Group Foundation Inc has received a two-star rating from Charity Navigator, indicating that improvements are needed in governance and financial accountability. While the organization achieved a high program expense ratio of 90.95%, showing strong dedication to its mission, the overall accountability and finance score of 66% highlights significant gaps, particularly in board independence.
One notable concern is the absence of independent board members, which suggests potential conflicts of interest and limitations in oversight. Despite this, the foundation has effective policies in place, such as a conflict of interest policy and a whistleblower policy, both of which are crucial for maintaining transparency and ethical practices. However, the missing tax form on the nonprofit's website raises questions about accessibility and openness.
Financially, the organization reports an extremely high liabilities to assets ratio of 1979.04%, which may pose risks to its long-term sustainability. Overall, while Bmg Family Physicians Group Foundation Inc demonstrates a commitment to its programs, it faces challenges that need addressing to enhance its governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Bmg Family Physicians Group Foundation Inc legitimate?
Bmg Family Physicians Group Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bmg Family Physicians Group Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,899,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,569,988
For more financial information, click here
Official website here: www.thefamilyphysiciansgroup.com
What is the mission statement of Bmg Family Physicians Group Foundation Inc?
The BMG Family Physicians Group Foundation, Inc. is dedicated to serving the community with compassion and providing quality healthcare services and education. Their mission goes beyond profit, with a commitment to serving individuals regardless of race, creed, sex, national origin, handicap, or age. The foundation participates in healthcare programs for small businesses and provides care for thousands of patients who might otherwise struggle to obtain adequate coverage. Some providers even volunteer their time outside regular business hours to serve the needy. With over 40,000 active patient records, the foundation offers a range of ambulatory services to treat patients at one primary facility, including wellness screenings, immunizations, lab services, and diagnostic tests. Their goal is to meet the growing needs for healthcare in their community, ensuring accessible and comprehensive care for all.
Official website here: www.thefamilyphysiciansgroup.com
Who is the CEO of Bmg Family Physicians Group Foundation Inc?
Charles J Woodall Md is the Principal Officer of Bmg Family Physicians Group Foundation Inc. The CEO's salary of Bmg Family Physicians Group Foundation Inc is $219,930 and their total compensation is $219,930.
Official website here: www.thefamilyphysiciansgroup.com
What is the revenue of Bmg Family Physicians Group Foundation Inc?
Bmg Family Physicians Group Foundation Inc's revenue in 2022 was $12,784,970.
Official website here: www.thefamilyphysiciansgroup.com
Who are the executives of Bmg Family Physicians Group Foundation Inc and what are their salaries?
The average compensation at Bmg Family Physicians Group Foundation Inc during 2022 was $51,830. There are 202 employees at Bmg Family Physicians Group Foundation Inc.
Here are 18 key members and their salaries (Bmg Family Physicians Group Foundation Inc's CEO's salary is $219,930 and their total compensation is $219,930):
- Compensation: $0
- Related: $2,006,787
- Other: $84,638
- Compensation: $0
- Related: $1,355,514
- Other: $22,684
- Compensation: $471,138
- Related: $0
- Other: $0
- Compensation: $436,670
- Related: $0
- Other: $0
- Compensation: $365,450
- Related: $0
- Other: $0
- Compensation: $364,341
- Related: $0
- Other: $0
- Compensation: $354,826
- Related: $0
- Other: $0
- Compensation: $328,394
- Related: $0
- Other: $0
- Compensation: $325,699
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,562,524
- Other: $80,090
- Compensation: $0
- Related: $189,992
- Other: $40,248
- Compensation: $219,930
- Related: $0
- Other: $0
- Compensation: $330,121
- Related: $0
- Other: $0
- Compensation: $321,240
- Related: $0
- Other: $0
- Compensation: $309,220
- Related: $0
- Other: $0
- Compensation: $267,480
- Related: $0
- Other: $0
- Compensation: $260,622
- Related: $0
- Other: $0
- Compensation: $0
- Related: $523,174
- Other: $20,537
Official website here: www.thefamilyphysiciansgroup.com
Where can I find the form 990 for Bmg Family Physicians Group Foundation Inc?
Bmg Family Physicians Group Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefamilyphysiciansgroup.com
Learn more at the official website: www.thefamilyphysiciansgroup.com
Mission Statement of Bmg Family Physicians Group Foundation Inc
Bmg Family Physicians Group Foundation, Inc. is a mission-driven organization dedicated to serving the community with compassion and providing quality healthcare services and education. The group's commitment to community service goes beyond the confines of their offices, extending to individuals from various races, creeds, sexes, national origins, disabilities, and age groups. With a significant presence in the Memphis area and expanded patient base in Eastern Arkansas and Northern Mississippi, the foundation's reach is far and wide.
Despite the importance of reimbursement for the services rendered, the foundation is dedicated to its mission of serving all members of its community. Consequently, Bmg Family Physicians Group Foundation, Inc. offers several initiatives to make healthcare more accessible. They participate in Memphis Plan, a healthcare program that assists small businesses in providing medical coverage for their employees. With over 37,000 patients assigned to their foundation, the number of encounters for the fiscal year ended September 30, 2022, amounted to 70,828. These individuals would otherwise struggle to secure adequate healthcare coverage.
Moreover, some of the providers voluntarily offer medical services outside regular business hours at the Church Health Center to cater to the needs of the underprivileged in their community. The foundation has partnered with Baptist Memorial Health Care Corporation, allowing them to expand their team with 13 primary care physicians, 5 nurse practitioners, a physical therapist, and a non-surgical orthopedic physician. This collaboration has enabled the foundation to offer an extensive range of ambulatory services such as wellness screening exams, immunizations, and flu shots, lab services, digital x-rays, EKG, DEXA, ultrasounds, spirometry, and audiometry, among others. With a patient record base of over 40,000 and seven conveniently located offices open from Monday to Friday, 8:00 AM to 5:30 PM, Bmg Family Physicians Group Foundation, Inc. continues to strive towards meeting the growing needs for healthcare in their community.
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Impact
October, 2024
BMG Family Physicians Group Foundation, Inc. significantly impacts the community by providing accessible and compassionate healthcare services regardless of race, creed, gender, national origin, disability, or age. With a patient base of over 37,000, the Foundation offers essential medical services to individuals who might struggle to find adequate healthcare elsewhere, particularly in the metro Memphis area, eastern Arkansas, and northern Mississippi.
In the fiscal year ending September 2022, the Foundation managed 70,828 patient encounters, underscoring its crucial role in filling healthcare gaps for underserved populations. Through initiatives like participation in the Memphis Plan, a program aimed at small businesses, BMG extends health care access to those who otherwise couldn't afford it.
BMG also promotes health education and wellness through a range of services, including wellness screenings, immunizations, and diagnostic testing, all performed in-house to streamline care for patients. The organization’s commitment to community service is further highlighted by the volunteer efforts of its medical professionals at local health centers.
With seven conveniently located offices operating Monday to Friday, the Foundation strives to meet the growing healthcare needs of the community, reinforcing its status as one of the largest primary care groups in West Tennessee.
This information is meant to be a general summary of Bmg Family Physicians Group Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $12,596,502
- Gross Receipts: $12,784,970
Assets and Liabilities:
- Total Assets: $2,190,025
- Total Liabilities: $43,341,658
- Net Assets: -$41,151,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REV.
Revenue
$12,596,502
Organization Details
Founding Year
2013
Phone
(901) 227-3627Principal Officer
Charles J Woodall Md
Main Address
350 N HUMPHREYS BLVD, MEMPHIS, TN, 38120
NTEE Category
Code: E30 - Health
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