Bridgewell Inc
Overview
Mission
Bridgewell inspires hope and empowers people experiencing life challenges to achieve their fullest potential.
What it reported doing in 2024
Outpatient services- provides diagnostic assessments, individual, family and group phychotherapy, medication management, psychiatric day treatment, and psychiatric emergency coordination for bridgewell and community residents.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 042296940
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Peabody, MA, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 95
- Accountability: 100
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.5%; rating input score 83
- Program expense ratio: 89.4%; rating input score 89
- Fundraising efficiency: $0.58 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 6.6%; rating input score 62; 62nd percentile among comparable filings
- Operating reserve ratio: 0.72; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.73; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 83.5% of revenue deployed · 89.4% of spending went to programs
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 7 filed program accomplishments · $85.7M in reported program spending
- Leadership: top reported pay $338K · 24 people listed · 5 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 9 filed money-flow records
- Related organizations: 5 filed related-organization links