Bmg Family Physicians Group Foundation Inc

What it reported doing in 2024

Bmg family physicians group foundation, inc. Provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age. Patients of every race, creed and socioeconomic group come to the practice from several states with most of its patients from the metro memphis area, eastern Arkansas and northern Mississippi. Although reimbursement for services rendered is critical to the operation and stability of bmg family physicians group foundation, inc., it is recognized that not all individuals possess the ability to purchase essential medical services, and further, that our mission is to serve the community with respect to providing health care services and health care education. Therefore, in keeping with its commitment to serve all members of its community, bmg family physicians group foundation, inc. Provides the following:- we participate in memphis plan, a health care program providing services to small businesses that cannot otherwise afford health care for their employees. We have approximately 43,695 patients assigned to our foundation.- for the fiscal year ended september 30, 2025, we provided care for 75,102 encounters. These individuals would have a difficult time finding adequate health care coverage.- some of our providers volunteer outside of regular business hours at the church health center providing medical services to the needy in our community.bmg family physicians group foundation, inc. Has aligned with baptist memorial health care corporation and now has 13 primary care physicians and 6 nurse practitioners. We also have a physical therapist and a nonsurgical orthopedic physician at our 7685 winchester location. Our offices are located within the memphis metro area to conveniently serve the community. We are known as one of the largest primary care groups within the west Tennessee area.ambulatory services provided include the following: wellness screening exams, company accounts, workmen's compensation services, immunizations and flu shots, lab services, digital x-rays, ekg, dexa, ultrasounds, spirometry and audiometry, and abi's. These services are performed within our facilities in an effort to treat the patient at one primary facility. Bmg family physicians group foundation, inc. Has over 44,000 active patient records. Our seven office locations are conveniently located and are open monday - friday 8:00am until 5:30pm. All of this is done to meet the growing needs for health care in our community.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 90.5%; rating input score 91
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -56%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0.29; rating input score 7; 7th percentile among comparable filings
• Liabilities to assets ratio: 10.31; rating input score 0; 0th percentile among comparable filings
• Officer compensation ratio: 25.3%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
• Revenue growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
• Asset growth: 17.6% per year; rating input score 100; 86th percentile among comparable filings