Baystate Medical Practices Inc
Overview
Mission
The mission of the organization is to improve the health of the people in our communities every day with quality and compassion. Baystate medical practices vision states it will be the multi-specialty group practice of choice, known for exceptional service, quality, value and academic leadership.
What it reported doing in 2023
Baystate medical practices, inc. (bmp) provides physician services, medical education and research programs to people in the community within its geographic location. Bmp's policy is to provide care to any patient in need of medical care, regardless of the patient's ability to pay for such care. Dependent upon the patient's financial capability to pay, bmp may provide such care free of charge or at amounts below its normal charges. Because bmp does not pursue collection of amounts determined to qualify as charity care, they are not reported as revenue. In addition to the charity care provided to patients, bmp's physicians participate in many and varied ongoing community outreach initiatives in the areas of education, employment, safety and health. For example, the bmp physicians in the department of pediatrics, in collaboration with the springfield school department, staff six school-based clinics that enhance school health education programs, provide professional development courses for teachers and administrators and establish a school-to-work program. Bmp has also taken a leadership role in strengthening the health of disadvantaged citizens in surrounding communities including specific focus on AIDS and HIV and by providing physician staffing for three community-based health centers through baystate medical center.
Operating model
- Revenue model
- Earned-program. 100% 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
- 042888373
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Headquarters
- Springfield, MA, USA
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 69
- Accountability: 31
- Sustainability: 6
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.7%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 4.8%; rating input score 5; 8th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -35.2%; rating input score 2; 2nd percentile among comparable filings
- Operating reserve ratio: 0.16; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 1.48; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 6.6% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.7% of spending went to programs
- Governance: 1 of 21 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $569.7M in reported program spending
- Leadership: top reported pay $2.4M · 32 people listed · 0 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 annual filings from 2009 to 2023
- Money network: 30 filed money-flow records
- Related organizations: Filed and resolved organization relationships.