Bmc Affiliated Physicians INC

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EIN 04-3218267 Hospital Boston, MA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$200.8M
FY2024▲ ×428
Expenses
$201.2M
FY2024▲ ×419

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Provides healthcare, conducts medical research, and offers health education programs for community benefit. For fiscal year 2024 it reported $200.8M in revenue, $201.2M in expenses, and $-546K in net assets.Pt I

Founded
1994
Type
Hospital · Nonprofit
Location
Boston, MA
Filings
5 on file (2020–2024)
Revenue
$200.8MFY2024
Expenses
$201.2M
Net assets
$-546K
People
10
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Provided by the organization

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Size
$100K–1M
What they do
Provides healthcare, conducts medical research, and offers health education programs for community benefit.
Leadership
Charles Tifft MD · Trustee/Physician · $273K
Money in and out
$200.8M revenue, $201.2M expenses
Bottom line
-0.2% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Lawschool Admissions Council INC

1 distinct foundation funder(s) on file, $114K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

95% to programs

95% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ ×428 vs prior year

Revenue band $100K–1M, ×428 versus the prior filing year (up). See detail →

Financial scale & money flow · FY2024
Total revenue
$200.8M
Pt VIII · Ln 12
Total expenses
$201.2M
Pt IX · Ln 25
Net assets
$-546K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$333K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Operating surplus
-0.2%
revenue over expenses, this legal entity▲ +93% vs prior filing year
Payroll share
90%
of this entity's spending is salaries & benefits▼ -2% vs prior filing year
Program spending
95%
of expenses reach program services▲ +21% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$42.9M
FY2024▲ ×34
Total liabilities
$43.4M
FY2024▲ ×30
Revenue less expensesPt I · Ln 19−$333K
Total assetsPt X · Ln 16$42.9M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBmc Affiliated Physicians INC
EINHdr · item D04-3218267
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1994
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Trustee/Physician
$273,482Pt VII · Sec A
$200,259Pt VII · Sec A
$175,736Pt VII · Sec A
$0Pt VII · Sec A
Dir. of Physician Practice
$0Pt VII · Sec A
Former President/Trustee
$0Pt VII · Sec A
Treasurer/Trustee
$0Pt VII · Sec A
Former Clerk
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Charles Tifft MD$273,482$251,227$234,668$258,696$235,599$260,599
Richard Ress MD$200,259$234,562$250,520$269,925$270,557$271,007
Judith Lytle MD$175,736$225,884$237,316$251,051$236,918$251,318
Michael Miller MD—————$117,049
Julia Wolfe—————$114,452

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $190.3M of program spending, described in the organization's own filed words · FY2024.
01

BMC affiliated physicians, INC.'S (bmcap) primary mission is to provide health care services in a manner that promotes health for the benefit of the community, to perform medical and clinical research in the public interest, to provide health and medical educational programs in a charitable manner on subjects useful to the individual and…

$190.3Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$200.8M
Total revenueLn 12$200.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$190.3M
Management & general5%$10.8M
Total functional expensesLn 25$201.2M

Balance Sheet

Part X · end of year
CashLn 1$21.1M
Total assetsLn 16$42.9M
Total liabilitiesLn 26$43.4M
Total net assetsLn 32$-546K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21.1M · Operating expenses/yr $201.2M
1.3 months
Where the money goes
Program services
Program services $190.3M · Total expenses $201.2M
95%
Management & General
Management & general $10.8M · Total expenses $201.2M
5%
Fundraising
Fundraising $0 · Total expenses $201.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $200.8M
0%
Government reliance
Government grants — · Total revenue $200.8M
—
Earned-income share
Program service revenue $200.8M · Total revenue $200.8M
100%
Investment reliance
Investment income $0 · Total revenue $200.8M
0%
Program self-sufficiency
Program service revenue $200.8M · Total expenses $201.2M
100%
Growth & trend
Revenue growth (YoY)
This year $200.8M · Prior year $469K
×428
Revenue CAGR
FY2019 $3.4M · FY2024 $200.8M
+126%
Net-asset trend (YoY)
End of year $-546K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $200.8M · Expenses $201.2M
-0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $42.9M
—
Net-asset ratio
Net assets $-546K · Total assets $42.9M
-1%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles Tifft MD · Reported title TRUSTEE/PHYSICIAN · Highest reported compensation $273K · Total expenses $201.2M
0.1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $180.4M · Total expenses $201.2M
90%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Revenue growth ×428——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$114K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$469K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$3.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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