Beacon Medical Group
Beacon Medical Group reported $219.6 million in revenue and $331.8 million in expenses for calendar year 2024. Of every $100 it spent, $88.57 went to program services, $11.43 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.1% of the total. The highest compensation it reported for one person was $2,488,206 (Employed Physician). 441 people received more than $100,000 in reportable compensation. Revenue rose 58% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $332MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $220M- Contributions & grants (non-government)$0.95 $2.1M
- Government grants$0.02 $51,664
- Program service revenue$98.86 $218M
- Other revenue$0.17 $373K
Investment income was negative: −$431K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.6% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.4% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,488,206 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.75% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 441 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.7 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseBeacon Medical Group, Inc. (BMG) operates a multi-specialty care network of physicians and also includes the med-point immediate care centers. In addition to the physician practices, BMG operates a high complexity core laboratory for the support of its employed physicians. BMG also operates Med-point Urgent Care centers to supplement the services of the Medical Group. In addition to the Corporation's primary care network, BMG manages the operation of several hospital-based practices for the hospitalists, trauma orthopedic surgeons, and pediatric intensivists
Beacon Medical Group, Inc. (BMG) operates a multi-specialty care network, and also operates the Beacon Medical Group Clinical Research Institute ("Clinical Research"). Clinical Research is currently focused on pharmacology studies. The pharmacology studies involve patients with specific conditions or diseases. Clinical Research has brought the following positive benefits to BMG: improved patient care - brings BMG physicians and nurses closer to leading-edge medicine. Corporate positioning - clinical research can enhance BMG's identity and brand, it can provide a means to meet physicians'…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Employed Physician Highest compensated employee, 40.00 hrs/week | $2,415,448 | $0 | $72,758 | $2,488,206 |
| CEO Officer, 2.00 hrs/week | $0 | $1,848,714 | $287,708 | $2,136,422 |
| Employed Physician Highest compensated employee, 40.00 hrs/week | $1,893,623 | $0 | $71,385 | $1,965,008 |
| Employed Physician Highest compensated employee, 40.00 hrs/week | $1,770,820 | $0 | $77,779 | $1,848,599 |
| Employed Physician Highest compensated employee, 40.00 hrs/week | $1,618,661 | $0 | $78,779 | $1,697,440 |
| Employed Physician Highest compensated employee, 40.00 hrs/week | $1,553,855 | $0 | $37,546 | $1,591,401 |
| CFO Officer, 2.00 hrs/week | $0 | $1,077,612 | $188,598 | $1,266,210 |
| President Officer, 40.00 hrs/week | $695,150 | $0 | $169,710 | $864,860 |
441 people received more than $100,000 in reportable compensation from Beacon Medical Group (Part VII, line 2). Compensation of current officers, directors and key employees totaled $868K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,881
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Medicus Anesthesia Services LLC Temporary Staffing | $3,798,589 |
| Elkhart Clinic LLC Medical Billing | $3,473,325 |
| Hayes Locums LLC Temporary Staffing | $3,024,620 |
| Obstetrix Medical Group of Indiana PC Physician Services | $3,005,000 |
| Woodcox Building Contractors Construction Services | $1,847,181 |
Individuals listed as contractors are left out. 35 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Beacon Medical Group's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Beacon Medical Group, you can publish a response that is linked from this page.
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Of every $100 Beacon Medical Group spent in 2024, $88.57 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Penn State Health Lancaster Medical CenterHershey, PA · revenue $219M · programs 62.5% · FY2025
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- Commcare CorporationMandeville, LA · revenue $220M · programs 58.8% · FY2025
- Verde Valley Medical CenterCottonwood, AZ · revenue $219M · programs 88.7% · FY2025
Questions people ask
How much of Beacon Medical Group's spending goes to programs?
In calendar year 2024, Beacon Medical Group reported that 88.6% of its $331.8 million in expenses went to program services, 11.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Beacon Medical Group pay its top executive?
The largest total compensation Beacon Medical Group reported for one person in calendar year 2024 was $2,488,206, for the role of Employed Physician (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Beacon Medical Group get its money?
Of $219.6 million in revenue in calendar year 2024, 1.0% came from contributions and grants (including 0.0% from government grants) and 99.1% from program service revenue (Form 990, Part VIII).
Is Beacon Medical Group a registered charity?
The IRS lists EIN 35-1536132 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349312804 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423169349301997 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323149349304957 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213169349301956 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113169349310056 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033209349301038 · read the filing
All filings for EIN 35-1536132: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.