Palm Beach County Medical Society Of Florida Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 372,897 | 342,578 | 30,319 | -6.3 | 14% |
| 2020 | 393,670 | 282,678 | 110,992 | -2.9 | 57% |
| 2021 | 293,769 | 288,903 | 4,866 | -2.7 | 40% |
| 2022 | 239,194 | 250,694 | −11,500 | -4.0 | 49% |
| 2023 | 232,193 | 152,424 | 79,769 | -0.2 | 28% |
In its most recent public year (2023), this organization brought in $79,769 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), up from -6.3 in 2019. Staff pay was 28% 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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