Mackinac Straits Health System Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 26,584,298 | 31,138,380 | −4,554,082 | -1.9 | 34% |
| 2012 | 29,437,257 | 30,981,382 | −1,544,125 | -2.5 | 33% |
| 2013 | 30,808,122 | 31,908,433 | −1,100,311 | -3.3 | 34% |
| 2014 | 31,436,012 | 36,356,886 | −4,920,874 | -3.9 | 34% |
| 2015 | 34,963,794 | 42,427,106 | −7,463,312 | -5.6 | 30% |
| 2016 | 41,119,048 | 41,850,026 | −730,978 | -6.4 | 33% |
| 2017 | 42,130,542 | 41,853,566 | 276,976 | -6.5 | 33% |
| 2018 | 47,324,991 | 45,756,131 | 1,568,860 | -5.7 | 33% |
| 2019 | 48,061,161 | 47,606,997 | 454,164 | -5.7 | 33% |
| 2020 | 52,270,622 | 52,028,895 | 241,727 | -5.6 | 32% |
| 2021 | 58,908,352 | 53,750,704 | 5,157,648 | -4.6 | 31% |
| 2022 | 67,265,328 | 59,793,210 | 7,472,118 | -2.5 | 30% |
| 2023 | 69,313,339 | 64,654,395 | 4,658,944 | -1.7 | 31% |
In its most recent public year (2023), this organization brought in $4,658,944 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.7 months). Staff pay was 31% of spending. $1,468,735 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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