Somerset Health Care Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,881,690 | 2,122,656 | 1,759,034 | 24.6 | 0% |
| 2012 | 3,405,566 | 2,230,717 | 1,174,849 | 21.7 | 0% |
| 2013 | 2,769,194 | 4,213,710 | −1,444,516 | 7.6 | 0% |
| 2014 | 5,524,059 | 2,919,348 | 2,604,711 | 21.5 | 0% |
| 2015 | 2,035,385 | 658,973 | 1,376,412 | 117.6 | 0% |
| 2016 | 2,437,517 | 1,011,447 | 1,426,070 | 93.4 | 0% |
| 2017 | 1,772,861 | 1,138,026 | 634,835 | 93.2 | 0% |
| 2018 | 1,248,561 | 1,396,955 | −148,394 | 92.7 | 0% |
| 2019 | 3,996,166 | 2,964,813 | 1,031,353 | 46.8 | 0% |
| 2020 | 2,000,629 | 4,100,887 | −2,100,258 | 27.8 | 0% |
| 2021 | 3,703,483 | 4,072,275 | −368,792 | 26.6 | 0% |
| 2022 | 2,959,315 | 4,084,950 | −1,125,635 | 22.8 | 0% |
| 2023 | 4,213,212 | 7,720,587 | −3,507,375 | 6.9 | 0% |
In its most recent public year (2023), this organization spent $3,507,375 more than it brought in. Its reserves stood at about 6.9 months of spending, down from 24.6 in 2011. Staff pay was 0% of spending. $3,640,139 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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