Civic Intelligence

Bmg Family Physicians Group Foundation

EIN 46-1953140 • 501(c)3 • Memphis, TN

Profile

Bmg family physicians group foundation, inc.'s mission is to serve the community with compassion and to provide quality health care services and health care education.

350 N Humphreys BlvdMemphis, TN 38120

www.thefamilyphysiciansgroup.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

8.46x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

4.12x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$1,346,501

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

87th percentile

27%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

12%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,474,046

Up $1,603,432 (+27%) from 2023

Liabilities

Up

$63,263,102

Up $9,548,054 (+18%) from 2023

Net Assets

Down

-$55,789,056

Down $7,944,622 (-17%) from 2023

Revenue

Up

$15,353,136

Up $1,618,352 (+12%) from 2023

Expenses

Up

$23,297,758

Up $2,870,173 (+14%) from 2023

Net Income

Down

-$7,944,622

Down $1,251,821 (-19%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0-$50M-$100MAssets 2014: $1,896,994Liabilities 2014: $7,993,871Net Assets 2014: -$6,096,8772014Assets 2015: $1,542,964Liabilities 2015: $11,524,252Net Assets 2015: -$9,981,2882015Assets 2016: $1,397,724Liabilities 2016: $15,093,177Net Assets 2016: -$13,695,4532016Assets 2017: $1,232,257Liabilities 2017: $19,430,865Net Assets 2017: -$18,198,6082017Assets 2018: $956,592Liabilities 2018: $23,317,377Net Assets 2018: -$22,360,7852018Assets 2019: $1,363,174Liabilities 2019: $28,070,793Net Assets 2019: -$26,707,6192019Assets 2020: $2,319,855Liabilities 2020: $34,065,977Net Assets 2020: -$31,746,1222020Assets 2021: $2,662,368Liabilities 2021: $38,208,001Net Assets 2021: -$35,545,6332021Assets 2022: $2,190,025Liabilities 2022: $43,341,658Net Assets 2022: -$41,151,6332022Assets 2023: $5,870,614Liabilities 2023: $53,715,048Net Assets 2023: -$47,844,4342023Assets 2024: $7,474,046Liabilities 2024: $63,263,102Net Assets 2024: -$55,789,0562024

Highlighted filing

2024

Assets$7,474,046
Liabilities$63,263,102
Net Assets-$55,789,056

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2014: $11,330,791Expenses 2014: $17,595,318Net Income 2014: -$6,264,5272014Revenue 2015: $11,598,476Expenses 2015: $15,482,887Net Income 2015: -$3,884,4112015Revenue 2016: $12,297,304Expenses 2016: $16,011,469Net Income 2016: -$3,714,1652016Revenue 2017: $12,138,308Expenses 2017: $16,641,463Net Income 2017: -$4,503,1552017Revenue 2018: $12,248,158Expenses 2018: $16,410,335Net Income 2018: -$4,162,1772018Revenue 2019: $12,933,161Expenses 2019: $17,279,996Net Income 2019: -$4,346,8352019Revenue 2020: $12,147,728Expenses 2020: $17,088,485Net Income 2020: -$4,940,7572020Revenue 2021: $14,210,561Expenses 2021: $18,107,819Net Income 2021: -$3,897,2582021Revenue 2022: $12,784,970Expenses 2022: $18,390,970Net Income 2022: -$5,606,0002022Revenue 2023: $13,734,784Expenses 2023: $20,427,585Net Income 2023: -$6,692,8012023Revenue 2024: $15,353,136Expenses 2024: $23,297,758Net Income 2024: -$7,944,6222024

Highlighted filing

2024

Revenue$15,353,136
Expenses$23,297,758
Net Income-$7,944,622

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$15,353,136
Mission and Program Overview

Mission

Our mission is to serve the community with compassion and to provide quality health care services and health care education.

Bmg family physicians group foundation, inc.'s mission is to serve the community with compassion and to provide quality health care services and health care education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$237,900$1,566,554▲ $1,328,654
Accounts Receivable$604,189$678,252▲ $74,063
Prepaid Expenses and Deferred Charges$522,820$474,531▼ $48,289
Cash and Non-Interest-Bearing Accounts$382,701$240,220▼ $142,481
Other Notes and Loans Receivable, Net$74,106$55,414▼ $18,692
Total Assets$5,870,614$7,474,046▲ $1,603,432
Other Assets Total$4,048,898$4,459,075▲ $410,177
Liabilities
Other Liabilities$52,304,818$61,667,128▲ $9,362,310
Accounts Payable and Accrued Expenses$1,410,230$1,595,974▲ $185,744
Total Liabilities$53,715,048$63,263,102▲ $9,548,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-47,844,434$-55,789,056▼ $7,944,622
Total Net Assets Fund Balance$-47,844,434$-55,789,056▼ $7,944,622
Total Liabilities and Net Assets / Fund Balance$5,870,614$7,474,046▲ $1,603,432

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,248,877$604,850$1,853,727
Equipment$317,677$627,597$945,274
Other Assets Org$4,459,075--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael C Wallace MdDirector/physicianFT$537,364$17,240$554,604
J Kenneth Wong MdDirector/physicianFT$480,801$9,023$489,824
Jay D Smith MdDirector/physicianFT$440,017$8,910$448,927
Charles Woodall MdPresident/directorFT$404,546$8,359$412,905
Melanie L Woodall MdDirector/physicianFT$394,307$13,651$407,958
Derek Mullinix MdPhysicianFT$385,209$13,833$399,042
Ramune M Filipcic MdDirector/physicianFT$364,011$12,016$376,027
Julian Venegas MdPhysicianFT$345,752$11,045$356,797
Jose Ongsingco MdPhysicianFT$338,025$14,800$352,825
Alisha Conway MdPhysicianFT$323,593$1,004$324,597
Michele E Neal MdVice President/directorFT$315,171$7,935$323,106
Tabitha Marek MdPhysicianPT$286,326$10,490$296,816
Angela QuallsCEOFT$222,812$8,359$231,171

Board Members and Trustees

NameTitle
Gary C AndersonDirector
Mark E Swanson MdDirector
Justin RhodesDirector (as of 09/24)
Andrew D JeterCFO
Kimberly O YoungFormer CFO
Gregory M DuckettSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
MedtempsContract Labor1067 CRESTHAVEN ROAD, Memphis, TN 38119$757,470
Quest Lab DiagnosticsLab ServicesPO BOX 740736, Atlanta, GA 30374-0736$248,692
Revenue and Support

Revenue Composition

Contributions and Grants
$72,960
Program Service Revenue
$15,105,979
Investment Income
$415
Other Revenue
$173,782
Change in Net Assets
$-7,944,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,900,423
Other Expenses$7,395,335
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,902,174$989,130-$9,891,304
Current Officers, Directors, Trustees, and Key Employees$2,398,500$266,500-$2,665,000
Fees for Services Other$1,376,292$152,921-$1,529,213
Other Employee Benefits$1,216,330$135,147-$1,351,477
Occupancy$910,622$101,180-$1,011,802
Office Expenses$774,563$86,062-$860,625
Comp Disqual Persons$763,011$84,779-$847,790
Payroll Taxes$690,991$76,777-$767,768
Pension Plan Contributions$339,376$37,708-$377,084
Other Expenses$122,067$13,563-$135,630
Insurance$108,351$12,039-$120,390
Depreciation Depletion$106,909$11,879-$118,788
All Other Expenses$39,628$44,612-$84,240
Travel$3,153$4,730-$7,883
Advertising$2,157$240-$2,397
Grants to Domestic Orgs$2,000--$2,000
Interest$920$102-$1,022
Total Functional Expenses$21,119,056$2,178,702$0$23,297,758
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$56,974,498
Right-of-use Liability - Long-term$4,012,640
Right-of-use Liability - Current$679,990
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Charles woodall, md and melanie l. Woodall, md are spouses who started the medical practice and are both full time employees of the medical practice. The following individuals have a business relationship because they are board members or shared officers of a taxable entity within baptist memorial health care corporation: gary c. Anderson gregory m. Duckett mark e. Swanson, md justin rhodes

Form 990, Part VI, Section A, Line 3

Baptist memorial health care corporation, as sole member of baptist memorial medical group, inc., the sole member of bmg family physicians group foundation, inc., provides certain legal, finance, quality, and personnel services pursuant to a shared services agreement.

Form 990, Part VI, Section A, Line 6

Bmg family physicians group foundation, inc. Is a non-profit, non-stock corporation whose sole member is baptist memorial medical group, inc. Baptist memorial health care corporation is the sole member of baptist memorial medical group, inc.

Form 990, Part VI, Section A, Line 7A

Baptist memorial medical group, inc., as the sole member of bmg family physicians group foundation, inc., appoints its board of directors. Baptist memorial health care corporation, the sole member of baptist memorial medical group, inc., approves the actions of baptist memorial medical group, inc. In exercising its appointments.

Form 990, Part VI, Section A, Line 7B

Baptist memorial medical group, inc., as the sole member of bmg family physicians group foundation, inc., approves the board of directors' actions. Baptist memorial health care corporation, the sole member of baptist memorial medical group, inc., approves the actions of baptist memorial medical group, inc. In exercising its approval.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by baptist memorial health care corporation's executive vice-president/cfo, the entity's top financial official, and an outside independent accounting and tax firm prior to submitting the form 990 to the irs. The form 990 was not reviewed by the organization's board of directors before submitting it to the irs. Baptist memorial health care corporation, as the sole member of baptist memorial medical group, inc., which is the sole member of the organization, has a finance, audit and compliance committee that is appointed by its board of directors. The finance, audit and compliance committee will review the form 990 after submitting it to the irs. The committee reports the completion of the review to the corporate board of directors.

Form 990, Part VI, Section B, Line 12C

Baptist memorial health care corporation, as sole member of baptist memorial medical group, inc., the sole member of bmg family physicians group foundation, inc., requires that all employees, including officers and key employees, periodically complete a certification and acknowledgement of the baptist memorial health care corporation standards of conduct, which incorporates the conflict of interest policy. Board members disclose and sign a conflict of interest statement each december. In the event that an employee or board member becomes aware of a potential conflict of interest, he/she is required to report it to their chief executive officer before taking any action. If he/she is the chief executive officer, then he/she is to report to the chairman of the board of directors. The signed conflict of interest statements are reviewed by the senior vice president and corporate counsel and are maintained in the baptist memorial health care corporation legal department. If a conflict of interest is found to exist, it will be the responsibility of the chief executive officer, with the involvement of the baptist memorial health care corporation legal department to resolve the issue.

Form 990, Part VI, Section B, Line 15

As sole member of bmg family physicians group foundation, inc., baptist memorial medical group, inc.'s human resource department, the governance committee of the board of directors, and an independent compensation consulting firm perform annual reviews each december and approve compensation of the ceo and other top management personnel. They use comparability data and other sources as needed. The ceo and other top management use the same type of information to approve compensation of other officers and key employees. On december 5, 2022, the compensation was reviewed and approved for the calendar year ended december 31, 2023 for the president, the vice presidents, and the ceo/administrator.

Form 990, Part VI, Section C, Line 18

Bmg family physicians group foundation, inc. Makes copies of its form 1023, form 990, and form 990-t available for public inspection to anyone who requests them as required by the internal revenue service.

Form 990, Part VI, Section C, Line 19

Bmg family physicians group foundation, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bmg Family Physicians Group Foundation
EIN
46-1953140
Phone
9012273627
Address
350 N HUMPHREYS BLVD, MEMPHIS, TN 38120

Signing Officer

Name
Jason M Little
Title
President
Phone
9012273627
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Woodall Md
Formed
2013
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
0
Employees
205
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
111 MONUMENT CIRCLE SUITE 4200, INDIANAPOLIS, IN 46204-5108
Preparer
Shawna M Jansons
Phone
3174648600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Baptist memorial health care corporation, as the sole member of baptist memorial medical group, inc., which is the sole member of bmg family physicians group foundation, inc., has an audit committee that chooses the audit firm, oversees and reviews the audit reports, and then follows up on any necessary changes and recommendations. The process has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

From the combined audited financial statements of baptist memorial health care corporation and affiliates: as of september 30, 2024, baptist memorial health care corporation (bmhcc) had not identified any uncertain tax positions under fasb asc topic 740, income taxes, requiring adjustments to its combined financial statements. In the event bmhcc were to recognize interest and penalties related to uncertain tax positions, it would be recognized in the combined financial statements as interest expense. Generally, bmhcc is no longer subject to income tax examinations for tax years prior to 2020 (fiscal year ended september 30, 2021).

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IRS990/ActivityOrMissionDesc0BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC.'S MISSION IS TO SERVE THE COMMUNITY WITH COMPASSION AND TO PROVIDE QUALITY HEALTH CARE SERVICES AND HEALTH CARE EDUCATION.
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IRS990/Desc0BMG 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 39,000 PATIENTS ASSIGNED TO OUR FOUNDATION.- FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, WE PROVIDED CARE FOR 74,273 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 12 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 40,000 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.
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