Academic Physicians Insurancecompany
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,835,271 | 6,406,317 | 2,428,954 | 42.2 | 0% |
| 2012 | 9,057,965 | 7,465,996 | 1,591,969 | 40.1 | 0% |
| 2013 | 9,665,606 | 9,550,393 | 115,213 | 30.8 | 0% |
| 2014 | 8,319,115 | 8,044,765 | 274,350 | 38.0 | 0% |
| 2015 | 10,325,839 | 9,125,127 | 1,200,712 | 34.6 | 0% |
| 2016 | 10,272,751 | 12,177,235 | −1,904,484 | 24.8 | 0% |
| 2017 | 10,985,688 | 12,050,208 | −1,064,520 | 23.4 | 0% |
| 2018 | 13,963,904 | 13,272,634 | 691,270 | 14.8 | 0% |
| 2019 | 14,699,597 | 12,837,146 | 1,862,451 | 19.1 | 0% |
| 2020 | 17,204,085 | 9,987,789 | 7,216,296 | 31.6 | 0% |
| 2021 | 24,573,399 | 14,363,331 | 10,210,068 | 27.1 | 0% |
| 2022 | 17,508,656 | 13,350,653 | 4,158,003 | 16.5 | 0% |
| 2023 | 15,276,025 | 20,765,629 | −5,489,604 | 8.0 | 0% |
In its most recent public year (2023), this organization spent $5,489,604 more than it brought in. Its reserves stood at about 8 months of spending, down from 42.2 in 2011. Staff pay was 0% of spending.
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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