Redington Memorial Hospital Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 117,267 | 3,166,674 | −3,049,407 | 89.1 | 0% |
| 2012 | 658,529 | 137,249 | 521,280 | 2051.3 | 9% |
| 2013 | 1,284,974 | 215,590 | 1,069,384 | 1422.4 | 6% |
| 2014 | 1,689,660 | 174,144 | 1,515,516 | 1940.9 | 8% |
| 2015 | 2,159,115 | 698,534 | 1,460,581 | 481.6 | 2% |
| 2016 | 1,734,414 | 1,045,679 | 688,735 | 305.9 | 1% |
| 2017 | 1,365,203 | 654,113 | 711,090 | 531.7 | 2% |
| 2018 | 1,669,669 | 694,060 | 975,609 | 513.9 | 2% |
| 2019 | 1,906,875 | 847,945 | 1,058,930 | 429.1 | 2% |
| 2020 | 696,305 | 944,194 | −247,889 | 366.7 | 2% |
| 2021 | 2,383,923 | 840,012 | 1,543,911 | 507.8 | 2% |
| 2022 | 2,508,848 | 1,106,630 | 1,402,218 | 349.5 | 1% |
| 2023 | 1,575,337 | 898,728 | 676,609 | 450.1 | 2% |
| 2024 | 2,385,577 | 1,097,611 | 1,287,966 | 404.1 | 1% |
In its most recent public year (2024), this organization brought in $1,287,966 more than it spent. Its reserves stood at about 404.1 months of spending, up from 89.1 in 2011. Staff pay was 1% of spending. $75,000 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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