Bmc Health System
88% goes to programs Thin reserves Growing revenue
Bmc Health System is a 501(c)(3) organization based in Boston, Massachusetts, registered in 2014, with $275,159,627 in FY2023 revenue. CharityIndex grades it B+, and it directs about 88% of spending to programs.
1 Boston Medical Ctr Pl, Boston, MA, 02118 EIN 46-3556853 Since 2014
Revenue (FY2023)
$275.2M
▼ 8.1% vs prior year
Health median: $840K
Expenses (FY2023)
$273.0M
Net assets
$17.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
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 →A+Program efficiency40% of the rating88% to programs
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 Bmc Health System: 88% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +1% 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 Bmc Health System: 1 mo reserves · +1% margin earns a C+ 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 Bmc Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Bmc Health System: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Bmc health system, inc.'s mission is to provide governance, long-term strategic planning, and budgetary and financial assistance for boston medical center, boston medical center health plan and other bmc health system affiliates.
Contact & location
- Address
- 1 Boston Medical Ctr Pl, Boston, MA, 02118
- City
- Boston
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2013) to $275.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $33.3MNet assets $17.5M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$50.8M
Total liabilities
$33.3M
Net assets
$17.5M
Salaries & benefits
$156.2M
57% of expenses
Board members
14
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $275,159,627▼8.1% | $272,956,947▼6.6% | $17,480,443▲14.4% | $50,816,540▲4.2% | 990 |
| 2022 | $299,557,088▲27.6% | $292,162,502▲24.7% | $15,277,763▲93.8% | $48,781,842▲33.6% | 990 |
| 2021 | $234,822,561▲24.1% | $234,205,395▲17.0% | $7,883,177▲233% | $36,520,974▲13.8% | 990 |
| 2020 | $189,200,474▲8.0% | $200,143,731▲9.2% | $2,366,011▲393% | $32,089,723▼9.1% | 990 |
| 2019 | $175,232,629▲1185% | $183,215,805▲677% | -$807,672▼104% | $35,307,136▲35.4% | 990 |
| 2018 | $13,633,075▼25.5% | $23,573,296▼34.1% | $19,132,503▲11.8% | $26,075,339▼14.7% | 990 |
| 2017 | $18,290,998▲34626% | $35,783,640▲139% | $17,115,739▼47.7% | $30,559,471▼51.2% | 990 |
| 2016 | $52,672▼4.7% | $14,990,895▲27.9% | $32,710,248▼26.6% | $62,596,773▼3.0% | 990 |
| 2015 | $55,247▲8.2% | $11,717,243▲32.9% | $44,536,420▼17.8% | $64,502,942▲0.8% | 990 |
| 2014 | $51,068 | $8,817,413 | $54,148,674 | $64,009,769 | 990 |
| 2013 | $0 | $0 | $0 | $0 | 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 (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alastair Bell Md | President/ceo/trustee | 1 | — |
| Andrew Youniss | Trustee | 1 | — |
| Ankur Agrawal | Treasurer (as of 09/10/24) | 1 | — |
| Anthony Hollenberg Md | Trustee (thru 05/01/24) | 1 | — |
| David Ament | Trustee | 1 | — |
| David Beck Esq | Clerk | 1 | — |
| Jesse Souweine | Treasurer (07/01/24-09/10/24) | 1 | — |
| Kathleen E Walsh | Former President | 0 | — |
| Marianne Harrison | Trustee | 1 | — |
| Mark Nunnelly | Trustee/chair | 1 | — |
| Mark Taber | Trustee | 1 | — |
| Martha Samuelson | Trustee | 1 | — |
| Matthew Botein | Trustee | 1 | — |
| Monica Noether Phd | Trustee | 1 | — |
| Randi Cutler | Trustee | 1 | — |
| Richard Marks | Trustee | 1 | — |
| Robert Sweet | Trustee | 1 | — |
| Sandra Cotterell | Trustee (thru 08/21/24) | 1 | — |
| Terri Newsom | Treasurer (thru 07/01/24) | 1 | — |
| Tricia Glynn | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Pricewaterhousecoopers Advisor | Business Consulting Services | $2,094,759 |
| Recruitifi Inc | Recruiting Services | $1,604,688 |
| Dla Piper Us LLP | Legal Services | $1,553,422 |
| Optimum Healthcare It | Service Contractors | $1,357,997 |
| Talent Groups | Recruiting Consulting | $1,275,927 |
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Frequently asked questions
- Is Bmc Health System a legitimate nonprofit?
- Yes. Bmc Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-3556853, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Bmc Health System's EIN?
- Bmc Health System's Employer Identification Number (EIN) is 46-3556853.
- How much revenue does Bmc Health System report?
- Bmc Health System reported $275,159,627 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bmc Health System's spending goes to programs?
- Bmc Health System spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bmc Health System have?
- CharityIndex grades Bmc Health System B+, based on program efficiency and fundraising cost.
- How much does Bmc Health System's highest-paid employee make?
- The highest reported compensation on Bmc Health System's latest Form 990 is $0, paid to Alastair Bell Md (President/ceo/trustee).
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Data for Bmc Health System (EIN 46-3556853) 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.