Lakeland Regional Medical Center Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,656,206 | 1,546,837 | 2,109,369 | 112.6 | 0% |
| 2012 | 1,922,619 | 1,316,340 | 606,279 | 141.8 | 0% |
| 2013 | 1,217,627 | 1,184,467 | 33,160 | 169.2 | 31% |
| 2014 | 2,145,234 | 1,086,926 | 1,058,308 | 208.0 | 19% |
| 2015 | 3,160,657 | 1,156,045 | 2,004,612 | 214.6 | 25% |
| 2016 | 32,177,759 | 10,238,279 | 21,939,480 | 50.3 | 4% |
| 2017 | 5,486,844 | 7,240,947 | −1,754,103 | 68.3 | 6% |
| 2018 | 12,179,840 | 6,467,980 | 5,711,860 | 87.4 | 8% |
| 2019 | 5,993,230 | 6,589,305 | −596,075 | 84.3 | 7% |
| 2020 | 2,326,507 | 6,461,133 | −4,134,626 | 78.4 | 7% |
| 2021 | 10,633,675 | 12,821,771 | −2,188,096 | 39.6 | 4% |
| 2022 | 10,634,946 | 7,240,994 | 3,393,952 | 69.7 | 7% |
| 2023 | 4,007,852 | 5,343,976 | −1,336,124 | 95.5 | 10% |
In its most recent public year (2023), this organization spent $1,336,124 more than it brought in. Its reserves stood at about 95.5 months of spending, down from 112.6 in 2011. Staff pay was 10% of spending. $33,629,023 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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