Garnet Health Medical Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 546,393,688 | 531,521,867 | 14,871,821 | 3.4 | 38% |
| 2020 | 581,444,421 | 574,626,164 | 6,818,257 | 3.4 | 39% |
| 2021 | 586,339,514 | 581,179,061 | 5,160,453 | 3.7 | 37% |
| 2022 | 615,559,035 | 616,001,316 | −442,281 | 3.1 | 38% |
| 2023 | 586,244,124 | 653,257,186 | −67,013,062 | 1.8 | 38% |
In its most recent public year (2023), this organization spent $67,013,062 more than it brought in. Its reserves stood at about 1.8 months of spending, down from 3.4 in 2019. Staff pay was 38% of spending. $8,547,289 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 2023. 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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