Milford Regional Physician Group Inc
97% goes to programs Thin reserves Growing revenue
Milford Regional Physician Group Inc is a 501(c)(3) organization based in Milford, Massachusetts, registered in 2000, with $117,778,319 in FY2023 revenue. CharityIndex grades it B, and it directs about 97% of spending to programs.
9 Industrial Rd Ste 5, Milford, MA, 01757 EIN 04-3159969 Since 2000
Revenue (FY2023)
$117.8M
▲ 1.9% vs prior year
Health median: $840K
Expenses (FY2023)
$127.8M
Net assets
$3.2M
Employees
761
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating97% 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 Milford Regional Physician Group Inc: 97% to programs earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -8% 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 Milford Regional Physician Group Inc: 0 mo reserves · -8% 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 Milford Regional Physician 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 Milford Regional Physician Group Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Milford regional physicians group is a large multi-specialty physician group practice with emphasis on primary care. our mission is to provide healthcare services to all individuals in our community with dignity, compassion, and respect. the vision of milford regional physician group is to consistently meet the changing healthcare needs and expectations of the communities we serve.
What they do
Milford regional physicians group has 21 specialist groups servicing the 20 communities of central massachusetts. the group of 48 specialists includes pulmonary and critical care, rheumatology, urology, obstetrics and gynecology, endocrinology, sleep medicine, ear nose & throat, and more. our lung allergy & sleep pulmonary & critical care specialists have expertise in a range of respiratory conditions including but not limited to: lung cancer diagnosis and treatment; chronic obstructive lung diseases including asthma; pulmonary vascular disease including pulmonary hypertension; respiratory failure; and lung infections. our rheumatologist specializes in the diagnosis and treatment of arthritis and other diseases of the muscles, joints and bones. our urologists perform the evaluation and treatment of diseases of the male and female urinary tract. our obstetrics & gynecology providers manage pregnancy, labor and childbirth, as well as the diagnosis and treatment of diseases of the female reproductive system. our endocrinologist specializes in diagnosing and treating diseases that affect the endocrine system. in addition, we work closely with the diabetes program at milford regional medical center to provide a range of services to help optimize diabetes management. our sleep center conducts polysomnograms to diagnose various sleep disorders, the most common of which is obstructive sleep apnea. our ear, nose and throat specialists are trained in the medical and surgical treatment of the ears, nose, throat and related structures of the head and neck. our cardiologists specialize in the diagnosis and treatment of cardiac disorders such as arrhythmia, hypertension, congestive heart failure, coronary artery disease, and heart attack. our orthopedists evaluate and treat conditions of the musculoskeletal system, extremities, joints, muscles, tendons and ligaments.
Milford regional physicians group has an active hospitalists program that serves the inpatients at milford regional medical center. our 26 hospitalists work in collaboration with our primary care physicians to provide well coordinated care to our patients while they are hospitalized. the hospitalists can also make on-the-spot decisions about patient care, follow up on test results and modify treatment plans immediately, if necessary. they provide continuity of care, answer questions and provide emotional support to patients and their families.
Milford regional physicians group has 5 urgent care centers that offers convenient walk-in service to treat patients for non-emergent illnesses and injuries. care is provided by 6 physicians and 17 advance practitioners. mrpg opened its fifth urgent care location in september 2024. laboratory and x-ray services are available on site. the urgent care centers treated patients approximately 62,529 times in 2024.
Contact & location
- Address
- 9 Industrial Rd Ste 5, Milford, MA, 01757
- City
- Milford
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $51.0M (FY2013) to $117.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $64.9MNet assets $3.2M
Operating margin
-8.5%
Spent more than it raised in the latest fiscal year.
Total assets
$68.1M
Total liabilities
$64.9M
Net assets
$3.2M
Salaries & benefits
$95.1M
74% of expenses
Board members
15
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $117,778,319▲1.9% | $127,778,817▲2.6% | $3,169,379▲9.5% | $68,077,135▲28.9% | 990 |
| 2022 | $115,595,967▲9.7% | $124,549,917▲9.6% | $2,893,476▼19.4% | $52,796,572▼2.5% | 990 |
| 2021 | $105,396,139▲7.1% | $113,605,283▲12.5% | $3,590,890▼36.6% | $54,147,726▼1.7% | 990 |
| 2020 | $98,396,869▲25.8% | $101,026,255▲15.0% | $5,665,906▲892% | $55,077,326▲212% | 990 |
| 2019 | $78,222,591▲7.2% | $87,821,398▲3.6% | -$715,074▼122% | $17,634,545▲5.3% | 990 |
| 2018 | $72,938,228▲11.3% | $84,801,463▲13.9% | $3,227,999▲276% | $16,753,397▲43.4% | 990 |
| 2017 | $65,521,979▲1.2% | $74,452,746▲2.3% | $859,472▼42.9% | $11,679,653▲13.9% | 990 |
| 2016 | $64,772,556▲7.2% | $72,755,096▲10.4% | $1,506,254▼4.1% | $10,256,983▲14.6% | 990 |
| 2015 | $60,447,328▲11.5% | $65,890,778▲12.1% | $1,569,957▼17.0% | $8,953,624▼4.8% | 990 |
| 2014 | $54,208,492▲6.2% | $58,767,984▲5.6% | $1,891,735▲20.9% | $9,407,215▼1.3% | 990 |
| 2013 | $51,042,164 | $55,657,959▲9.0% | $1,565,045▲58.1% | $9,533,106▲9.9% | 990 |
| 2012 | — | $51,044,419▲3.0% | $989,834▼34.5% | $8,677,423▼8.5% | 990 |
| 2011 | — | $49,548,634▲5.4% | $1,512,329▼4.2% | $9,487,390▲46.5% | 990 |
| 2010 | — | $47,014,954▲3.5% | $1,578,375▼20.9% | $6,474,816▼8.1% | 990 |
| 2009 | — | $45,444,622 | $1,996,329 | $7,042,343 | 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)
Highest-paid: Eddie Michli — $614,623 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eddie Michli | Physician | 50 | $614,623 |
| Patrick Mcsweeney | President | 50 | $609,715 |
| Michael Mccormick | Physician | 50 | $603,859 |
| Christopher Baranano | Physician | 50 | $574,906 |
| Susan Finnegan Barrett | Physician | 50 | $574,853 |
| Kathleen Richard | Physican | 50 | $569,463 |
| Andrew Willment | Trustee | 50 | $352,597 |
| Anthony Consigli | Chair | 1 | — |
| Barbara Gilmore | Trustee | 1 | — |
| Brian Earley | Vice Chair | 1 | — |
| Christopher Foley | Trustee | 1 | — |
| Denise Brookhouse | Clerk | 1 | — |
| Gerald Gaudette | Trustee | 1 | — |
| Gordon Lewis | Treasurer | 1 | — |
| Jamie Doucette | Trustee | 1 | — |
| Jeffrey Nutting | Trustee | 1 | — |
| John Fernandes | Trustee | 1 | — |
| Linda Mancini | Trustee | 1 | — |
| Mary O'neill | Trustee | 1 | — |
| Sandra Clark | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Inventurus Knowledge Systems | Scribe, Coding, Prescription and Document Management | $2,083,997 |
| Brigham and Women's Physician Organ | Physician Services | $285,882 |
| Umass Memorial Medical Center | Physician Services | $273,255 |
| Symbian LLC | Physician Services | $245,700 |
| Scribe America | Medical Scribe Services | $172,331 |
Grants received · $100K total
1 grant to Milford Regional Physician Group Inc totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Neighborhood Health Plan of Rhode Island | General support | 2020 | $100,000 |
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Frequently asked questions
- Is Milford Regional Physician Group Inc a legitimate nonprofit?
- Yes. Milford Regional Physician Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3159969, based in Milford, Massachusetts. Donations are tax-deductible.
- What is Milford Regional Physician Group Inc's EIN?
- Milford Regional Physician Group Inc's Employer Identification Number (EIN) is 04-3159969.
- How much revenue does Milford Regional Physician Group Inc report?
- Milford Regional Physician Group Inc reported $117,778,319 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Milford Regional Physician Group Inc's spending goes to programs?
- Milford Regional Physician Group Inc spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Milford Regional Physician Group Inc have?
- CharityIndex grades Milford Regional Physician Group Inc B, based on program efficiency and fundraising cost.
- How much does Milford Regional Physician Group Inc's highest-paid employee make?
- The highest reported compensation on Milford Regional Physician Group Inc's latest Form 990 is $614,623, paid to Eddie Michli (Physician).
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Data for Milford Regional Physician Group Inc (EIN 04-3159969) 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.