Adventist Physician Services Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 10,731,931 | 20,783,741 | −10,051,810 | -16.6 | 53% |
| 2013 | 15,946,896 | 25,630,043 | −9,683,147 | -18.0 | 15% |
| 2014 | 20,588,836 | 32,155,424 | −11,566,588 | -18.7 | 66% |
| 2015 | 27,763,815 | 42,906,974 | −15,143,159 | -18.2 | 62% |
| 2016 | 4,927,719 | 17,527,986 | −12,600,267 | -39.4 | 59% |
| 2017 | 6,623,009 | 17,071,220 | −10,448,211 | -10.3 | 66% |
| 2018 | 6,760,961 | 16,326,919 | −9,565,958 | -17.8 | 63% |
| 2019 | 6,349,065 | 16,710,931 | −10,361,866 | -24.2 | 63% |
| 2020 | 13,309,492 | 25,741,046 | −12,431,554 | -25.8 | 66% |
| 2021 | 16,483,765 | 30,305,509 | −13,821,744 | -37.3 | 67% |
| 2022 | 30,239,144 | 42,750,470 | −12,511,326 | -31.9 | 71% |
| 2023 | 29,429,532 | 47,618,172 | −18,188,640 | -33.3 | 68% |
In its most recent public year (2023), this organization spent $18,188,640 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-33.3 months), down from -16.6 in 2012. Staff pay was 68% of spending. $3,742 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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