Monmouth Medical Center Faculty Practice Plan Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,109,489 | 14,357,656 | −11,248,167 | -136.1 | 13% |
| 2021 | 5,288,901 | 15,416,371 | −10,127,470 | -134.7 | 14% |
| 2022 | 4,729,204 | 16,613,212 | −11,884,008 | -133.6 | 13% |
| 2023 | 4,989,696 | 17,821,410 | −12,831,714 | -133.2 | 12% |
In its most recent public year (2023), this organization spent $12,831,714 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-133.2 months), up from -136.1 in 2020. Staff pay was 12% 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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