Massachusetts · Nonprofit
CORE PHYSICIANS LLC
CORE PHYSICIANS LLC (Massachusetts) receives grants from 7 organizations whose IRS filings report $414,527 to it, the largest being Foundation for Healthy Communities ($329,954). 2 of them have funded it in more than one year.
- Revenue FY2025
- $136M
- Funders on record
- 7
- Grants received
- $415k
- Net assets
- $-10472151
What Core Physicians LLC does
Mission
The mission of core physicians is to improve the health of the community. This mission is principally accomplished through the provision of health services and information to the community within the resources available. As a multi-specialty group practice core physicians provides community access to primary care physicians, specialty physician services, pediatric dental services, office-based laboratory service, as well as contracted physicians to support exeter hospital's 24/7 intensivist's coverage program in its icu, and inpatient hospitalist program for adult and pediatrics. Core physicians supports access to its physicians and medical services through a robust financial assistance program that underwrites 100% of the cost of medical care provided by its physicians based on family size and income for residents of our service area. Beth israel lahey health (bilh) is an integrated health care system committed to expanding access to extraordinary patient care across eastern massachusetts and southern new hampshire advancing the science and practice of medicine through groundbreaking research and education. The bilh system is comprised of academic and teaching hospitals, a…
As stated on its FY2025 Form 990.
Program
As noted throughout this form 990, core physicians, llc, is a not-for-profit physician group and member of the beth israel lahey health network of affiliates. Core physicians is a network of community-based physicians affiliated with beth israel lahey health and providing care in conjunction with, and in the communities served by, exeter hospital, inc. (eh). These practices are committed to improving the health of the communities served by eh and core physicians by providing high quality, personalized health care with compassion, dignity and respect for patient rights in a cost effective and safe environment. Core physicians is dedicated to providing care to patients in the communities where they live and work and providing care in the community to medicare, medicaid and all other patients. During the period covered by this filing, core physicians provided primary care/family medicine, cardiology, sleep, endocrinology, gastroenterology, general surgery, vascular, hospitalist, infectious diseases, neurology, obstetrics & gynecology, orthopedic, oncology, otolaryngology, palliative, podiatry, physiatry, plastic surgery, pulmonary, critical care, rheumatology, urology, wound and…
$139,233,446 spent$135,570,977 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $139,233,446.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $18M to $36M (+96%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 2% · 2021 7% · 2022 1%. Grants only. Government contracts and fees sit inside program revenue.
0% of CORE PHYSICIANS LLC’s revenue is contributions — about as donation-reliant as the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 9 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Pangan Md Michael
Chair & mging member, clin mgr; phys
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income rose $20k → $132k.
1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $83k from one payer (the payer shares this organization's board, largest Exeter Hospital Inc). These are real filings, and they are not money CORE PHYSICIANS LLC raised.
From the IRS filings of CORE PHYSICIANS LLC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CORE PHYSICIANS LLC leans on a few funders — its largest provides 80% of grant income and the top three 90%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
89% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CORE PHYSICIANS LLC.
Largest funder’s share by year: 2017 75% · 2018 100% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
CORE PHYSICIANS LLC draws 100% of its grant income from funders outside Massachusetts, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CORE PHYSICIANS LLC has grown faster than half of the 1,241 health nonprofits its size.
this organization peer median middle 50% of peers· 1,241 health nonprofits over $100M, FY2025
Government funding CORE PHYSICIANS LLC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $310 on record.
- (JJ) OPERATIONAL SERVICES$310
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like CORE PHYSICIANS LLC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 83 related entities
- Nh-Cares Aco LLC · disregarded
- Addison Gilbert Society Inc · exempt
- Anna Jaques Hospital · exempt
- Assoc Phys Harvard Med Fac Phy at Bidmc · exempt
- Baim Institute for Clinical Research Inc Dba Baim Institute · exempt
Screen this organization
A dated, signed PDF of the compliance screen for CORE PHYSICIANS LLC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CORE PHYSICIANS LLC?
- CORE PHYSICIANS LLC (Massachusetts) receives grants from 7 organizations whose IRS filings report $414,527 to it, the largest being Foundation for Healthy Communities ($329,954). 2 of them have funded it in more than one year.
- How many funders does CORE PHYSICIANS LLC have?
- IRS filings report 7 organizations giving $414,527 in grants to CORE PHYSICIANS LLC, 2 of which have funded it in more than one year.
- Who is the largest funder of CORE PHYSICIANS LLC?
- Foundation for Healthy Communities is the largest funder on record, with $329,954 in grants. The full list of funders is on this page.
- How can an organization like CORE PHYSICIANS LLC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing