Charity Search / BLUE RIDGE HEALTHCARE MEDICAL GROUP INC
Health Care (E60) 990 on File

BLUE RIDGE HEALTHCARE MEDICAL GROUP INC

EIN: 02-0777195 · MORGANTON, NC 28655-5129 · United States · FY 2023 Data
3 out of 5 47 / 100 Based on 2+ years of filings
Financial strength (30%) 55/100
Reliability (20%) 50/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$54.1M
Total Revenue
$73.8M
Total Expenses
$-137,302,724
Net Assets
191
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.4%
Fundraising Efficiency N/A
Operating Reserve -22.32x
Liability-to-Asset 765.4%
Revenue Diversification 99.8%
Executive Compensation $318K
Compared with Peers
FY 2023
Compared with 3,289 similar organizations (United States, Health Care, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
88.4% 84.9%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
11.6% 14.4%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
-22.3 mo 6.5 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
765.4% 37.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
99.8% 93.5%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
107.6% 5.5%
P10P90
Expense growth
Year over year expense growth
120.9% 7.3%
P10P90
Surplus margin
Surplus as a share of revenue
-36.4% 0.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $54.1M $73.8M $-137,302,724 88.4% 191
2022 $26.1M $33.4M $-117,594,512 87.9% 0
2021 $62.1M $66.8M N/A — 165
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Organization Details
EIN
02-0777195
State
NC
City
MORGANTON
ZIP
28655-5129
Classification
E60
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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