Westfield Memorial Hospital Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 201,009 | 87,313 | 113,696 | 61.8 | 0% |
| 2011 | 248,095 | 270,498 | −22,403 | 18.9 | 0% |
| 2012 | 179,003 | 207,837 | −28,834 | 23.0 | 0% |
| 2013 | 166,915 | 95,901 | 71,014 | 58.7 | 0% |
| 2014 | 159,398 | 94,985 | 64,413 | 67.4 | 0% |
| 2015 | 197,473 | 99,127 | 98,346 | 76.5 | 0% |
| 2016 | 312,341 | 91,982 | 220,359 | 111.2 | 0% |
| 2017 | 331,537 | 738,789 | −407,252 | 7.2 | 0% |
| 2018 | 277,476 | 134,771 | 142,705 | 56.3 | 0% |
| 2019 | 261,321 | 263,081 | −1,760 | 28.8 | 0% |
| 2020 | 241,414 | 105,902 | 135,512 | 87.5 | 0% |
| 2021 | 311,304 | 91,116 | 220,188 | 134.3 | 0% |
| 2022 | 256,721 | 132,305 | 124,416 | 94.1 | 0% |
| 2023 | 553,404 | 365,138 | 188,266 | 42.7 | 0% |
In its most recent public year (2023), this organization brought in $188,266 more than it spent. Its reserves stood at about 42.7 months of spending, down from 61.8 in 2010. Staff pay was 0% of spending. $994,899 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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