Beacon Medical Group Inc
89% goes to programs $0 to raise $100 Growing revenue
Beacon Medical Group Inc is a 501(c)(3) organization based in South Bend, Indiana, registered in 1983, with $219,621,077 in FY2024 revenue. CharityIndex grades it C, and it directs about 89% of spending to programs.
615 N Michigan St, South Bend, IN, 46601 EIN 35-1536132 Since 1983
Revenue (FY2024)
$219.6M
▲ 17.1% vs prior year
Health median: $840K
Expenses (FY2024)
$331.8M
Net assets
$73.3M
Employees
1,881
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating89% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Beacon Medical Group Inc: 89% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
FFinancial health25% of the rating3 mo reserves · -51% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Beacon Medical Group Inc: 3 mo reserves · -51% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Beacon Medical Group Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Beacon Medical Group Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
We deliver outstanding care, inspire health, and connect with heart.
What they do
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' academic needs and enhance physician recruitment.
Contact & location
- Address
- 615 N Michigan St, South Bend, IN, 46601
- City
- South Bend
- State
- Indiana
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $105.8M (FY2014) to $219.6M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $32.1MNet assets $73.3M
Operating margin
-51.1%
Spent more than it raised in the latest fiscal year.
Total assets
$105.5M
Total liabilities
$32.1M
Net assets
$73.3M
Salaries & benefits
$256.6M
77% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $219,621,077▲17.1% | $331,755,878▲1.3% | $73,317,843▼18.4% | $105,464,034▼12.5% | 990 |
| 2023 | $187,582,958▲0.6% | $327,372,668▲7.6% | $89,884,147▲3.3% | $120,475,465▲2.4% | 990 |
| 2022 | $186,390,453▲14.6% | $304,195,207▲12.6% | $87,018,557▼0.5% | $117,701,782▲0.7% | 990 |
| 2021 | $162,622,589▲14.7% | $270,164,804▲14.0% | $87,459,849▲15.8% | $116,845,647▲13.6% | 990 |
| 2020 | $141,800,938▲1.9% | $237,016,610▲4.4% | $75,551,790▲5.0% | $102,838,709▲13.7% | 990 |
| 2019 | $139,224,210▲6.6% | $227,132,443▲7.7% | $71,976,847▼4.7% | $90,482,501▼2.9% | 990 |
| 2018 | $130,599,550▲3.7% | $210,834,368▲9.2% | $75,501,171▲3.7% | $93,154,305▲0.3% | 990 |
| 2017 | $125,884,989▲4.9% | $193,071,785▲3.6% | $72,784,578▲119% | $92,832,921▲7.4% | 990 |
| 2016 | $119,973,336▲6.7% | $186,319,571▲4.6% | $33,287,848▲24.0% | $86,428,893▲2.7% | 990 |
| 2015 | $112,407,240▲6.2% | $178,099,312▲12.4% | $26,855,130▼3.7% | $84,121,236▼0.6% | 990 |
| 2014 | $105,832,527 | $158,384,968▲29.9% | $27,883,041▼32.7% | $84,590,564▼21.5% | 990 |
| 2012 | — | $121,884,516▲14.3% | $41,436,827▼7.6% | $107,729,902▲1.3% | 990 |
| 2011 | — | $106,601,499▲15.8% | $44,827,002▼16.0% | $106,397,632▲6.4% | 990 |
| 2010 | — | $92,095,933 | $53,346,040 | $99,994,316 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew Koscielski Md — $2,415,448 (0.73% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Koscielski Md | Employed Physician | 40 | $2,415,448 |
| Neal B Patel | Employed Physician | 40 | $1,893,623 |
| Charbel F Maskiny Md | Employed Physician | 40 | $1,770,820 |
| Ismail Al Ani Md | Employed Physician | 40 | $1,618,661 |
| Kasif A Shaikh | Employed Physician | 40 | $1,553,855 |
| Dale A Patterson | President | 40 | $695,150 |
| Anita Knudston | Secretary | 2 | $1,220 |
| Thomas R Vidic Md | Director | 2 | $1,220 |
| David A Campbell Md | Director | 2 | $200 |
| Debie M Coble | Director | 2 | $200 |
| Kendra N Key | Director | 2 | $200 |
| Kevin M Casey Do | Director | 2 | $200 |
| William Buckley Md | Director | 2 | $200 |
| William Houston Md | Chair | 2 | $200 |
| Jeffrey P Costello | Cfo | 2 | — |
| Kreg R Gruber | Ceo | 2 | — |
| Robert Bartels Jr | Director Thru 3/31/24 | 2 | — |
| Samir Patel Md | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $10.5M total
15 grants to Beacon Medical Group Inc totaling $10.5M, reported by foundations on their Schedule I filings.
Grants made · $550K in FY2020
1 grant totaling $550K in FY2020. All grants made by Beacon Medical Group Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Healthlinc Inc | Support health center | $550,000 |
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Frequently asked questions
- Is Beacon Medical Group Inc a legitimate nonprofit?
- Yes. Beacon Medical Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1536132, based in South Bend, Indiana. Donations are tax-deductible.
- What is Beacon Medical Group Inc's EIN?
- Beacon Medical Group Inc's Employer Identification Number (EIN) is 35-1536132.
- How much revenue does Beacon Medical Group Inc report?
- Beacon Medical Group Inc reported $219,621,077 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Beacon Medical Group Inc's spending goes to programs?
- Beacon Medical Group Inc spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Beacon Medical Group Inc have?
- CharityIndex grades Beacon Medical Group Inc C, based on program efficiency and fundraising cost.
- How much does Beacon Medical Group Inc's highest-paid employee make?
- The highest reported compensation on Beacon Medical Group Inc's latest Form 990 is $2,415,448, paid to Matthew Koscielski Md (Employed Physician).
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Data for Beacon Medical Group Inc (EIN 35-1536132) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.