Foundation For Morristown Medical Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 15,014,114 | 7,618,673 | 7,395,441 | 125.6 | 10% |
| 2011 | 16,434,521 | 8,251,702 | 8,182,819 | 116.9 | 9% |
| 2012 | 22,750,997 | 8,572,473 | 14,178,524 | 137.6 | 11% |
| 2013 | 20,958,427 | 7,881,957 | 13,076,470 | 176.2 | 25% |
| 2014 | 30,761,504 | 9,912,102 | 20,849,402 | 154.3 | 16% |
| 2015 | 20,911,560 | 10,032,072 | 10,879,488 | 148.5 | 18% |
| 2016 | 17,798,507 | 11,228,243 | 6,570,264 | 137.8 | 24% |
| 2017 | 32,454,043 | 12,370,060 | 20,083,983 | 145.2 | 21% |
| 2018 | 22,800,915 | 14,239,376 | 8,561,539 | 117.9 | 0% |
| 2019 | 28,655,949 | 13,242,303 | 15,413,646 | 141.0 | 0% |
| 2020 | 26,671,281 | 12,256,875 | 14,414,406 | 163.9 | 0% |
| 2021 | 31,511,180 | 11,731,974 | 19,779,206 | 194.0 | 0% |
| 2022 | 32,154,791 | 13,238,552 | 18,916,239 | 153.4 | 0% |
| 2023 | 28,600,440 | 21,294,598 | 7,305,842 | 110.5 | 0% |
In its most recent public year (2023), this organization brought in $7,305,842 more than it spent. Its reserves stood at about 110.5 months of spending, down from 125.6 in 2010. Staff pay was 0% of spending. $145,876,065 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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