Ira Davenport Memorial Hospital Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 26,062,456 | 25,147,577 | 914,879 | 5.1 | 36% |
| 2021 | 26,878,005 | 26,644,882 | 233,123 | 5.2 | 36% |
| 2022 | 23,586,296 | 30,601,995 | −7,015,699 | 1.7 | 34% |
| 2023 | 22,357,523 | 30,475,950 | −8,118,427 | -1.4 | 38% |
In its most recent public year (2023), this organization spent $8,118,427 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.4 months), down from 5.1 in 2020. Staff pay was 38% of spending. $3,129,130 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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