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Massachusetts · Nonprofit

Heywood Medical Group Inc

Heywood Medical Group Inc (Massachusetts) receives grants from 1 organization whose IRS filings report $0 to it, the largest being REACH OUT AND READ INC ($0). 1 of them have funded it in more than one year.

Revenue FY2025
$12M
Funders on record
1
Grants received
$0
Net assets
$-1766044
1/1 repeat funderspeak grant-dependency 0%
01What it does

What Heywood Medical Group Inc does

Mission

To engage in the multi-specialty practice of medicine and to perform such medical and other ancillary services as are necessary in rendering such professional services. To provide medical and health care to individuals living and working in the north central region of Massachusetts, to participate in the activities designed and carried on to promote and improve the general public health of patients in the Greater Gardner area.

As stated on its FY2025 Form 990.

Program

  1. Heywood Medical Group has over 75 physicians specializing in Primary Care and Specialty Care. The Primary Care physicians focus on pediatrics, and family practice. The Specialty Care physicians focus on the areas of cardiology, endocrinology, gastroenterology, gynecology/obstetrics, orthopedics, pulmonology, urology, and general surgery. Heywood Medical Group serves individuals and families in need of health care and works in coordination with Heywood Hospital and Athol Hospital to provide high-quality, comprehensive care to everyone. They also provide oversight to the provider based clinics at Heywood Hospital and Athol Hospital.

    $16,753,816 spent$11,935,456 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $16,753,816.

02The organization over time

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.

100 = 20172017 Revenue 100 ($19M) Expenses 100 ($23M) Net assets -144 ($-507317)2018 Revenue 125 ($23M) Expenses 122 ($29M) Net assets -89 ($-311899)2019 Revenue 42 ($7.8M) Expenses 42 ($9.8M) Net assets 100 ($351k)2020 Revenue 42 ($7.8M) Expenses 40 ($9.4M) Net assets 173 ($606k)2021 Revenue 135 ($25M) Expenses 110 ($26M) Net assets 1647 ($5.8M)2022 Revenue 38 ($7.0M) Expenses 61 ($14M) Net assets 1581 ($5.6M)2023 Revenue 44 ($8.2M) Expenses 54 ($13M) Net assets -244 ($-857169)2024 Revenue 37 ($6.9M) Expenses 47 ($11M) Net assets -173 ($-606428)2025 Revenue 64 ($12M) Expenses 76 ($18M) Net assets -503 ($-1766044)
'17'18'19'20'21'22'23'24'25
Revenue (64)Expenses (76)Net assets (-503)Peer revenue range

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 $17M to $5.8M (−65%).

$3.2M
$4.6M
$4.3M
$6.1M
$13M
$17M
$5.8M
$6.7M
$5.7M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 10%. Grants only. Government contracts and fees sit inside program revenue.

0% of Heywood Medical Group Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (7% for the typical peer).

This organization
Typical peer · 4,743 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 9 of the last 9 reported years ran a deficit.

−$4.9M
’17
−$5.5M
’18
−$1.9M
’19
−$1.6M
’20
−$769k
’21
−$7.4M
’22
−$4.4M
’23
−$4.2M
’24
−$5.9M
’25
0.3
months of
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.

Chief executive

Rozanna Penney

President/CEO

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2022 and FY2023 filings.

'17'18'19'20'21'22'23'24'25
Listed323320191819141619
Joined·+2+6+2+2+6+5+8+8
No longer listed·1193351065
03Who funds it
04Its place in the field

Against its field

Heywood Medical Group Inc's revenue fell 36% between 2017 and 2025.

Operating margin−50% · bottom quartile
Months of reserve0.3mo · bottom quartile
Revenue growth (annualized)−5% · bottom quartile

this organization peer median middle 50% of peers· 2,843 health nonprofits $10M–$100M, FY2025

Government funding Heywood Medical Group Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $12.1M on record.

State$12.1M
19
20
21
22
23
24
25
Top programs
  • (RR) BENEFIT PROGRAMS$12.1M
  • (JJ) OPERATIONAL SERVICES$43k

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 Heywood Medical Group Inc

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

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

94% of spending goes to programs.

Program 94%Management 6%Fundraising 0%

Governance

12
board members
17%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

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

MA

Part of a family of 9 related entities

  • Heywood Healthcare Inc · exempt
  • Henry Heywood Memorial Hospital · exempt
  • Athol Memorial Hospital · exempt
  • Quabbin Healthcare Inc · exempt
  • Heywood Realty Corp · exempt

Screen this organization

A dated, signed PDF of the compliance screen for Heywood Medical Group Inc: 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.

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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 Heywood Medical Group Inc?
Heywood Medical Group Inc (Massachusetts) receives grants from 1 organization whose IRS filings report $0 to it, the largest being REACH OUT AND READ INC ($0). 1 of them have funded it in more than one year.
How many funders does Heywood Medical Group Inc have?
IRS filings report 1 organization giving $0 in grants to Heywood Medical Group Inc, 1 of which have funded it in more than one year.
Who is the largest funder of Heywood Medical Group Inc?
REACH OUT AND READ INC is the largest funder on record, with $0 in grants. The full list of funders is on this page.
How can an organization like Heywood Medical Group Inc 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 1 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