Montefiore Health System Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 269,518,485 | 303,022,072 | −33,503,587 | 20.7 | 37% |
| 2021 | 277,667,137 | 337,227,075 | −59,559,938 | 16.6 | 34% |
| 2022 | 381,942,085 | 411,045,343 | −29,103,258 | 13.8 | 31% |
| 2023 | 393,445,493 | 444,563,348 | −51,117,855 | 17.2 | 31% |
In its most recent public year (2023), this organization spent $51,117,855 more than it brought in. Its reserves stood at about 17.2 months of spending, down from 20.7 in 2020. Staff pay was 31% of spending. $26,413,000 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 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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