Promedica Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 18,547,476 | 9,547,066 | 9,000,410 | 277.1 | 11% |
| 2012 | 23,713,524 | 12,357,834 | 11,355,690 | 237.9 | 12% |
| 2013 | 21,267,566 | 9,665,952 | 11,601,614 | 355.1 | 14% |
| 2014 | 36,153,801 | 17,138,407 | 19,015,394 | 211.5 | 6% |
| 2015 | 31,005,230 | 15,911,546 | 15,093,684 | 227.1 | 12% |
| 2016 | 23,981,625 | 65,030,495 | −41,048,870 | 48.8 | 3% |
| 2017 | 64,722,104 | 23,881,195 | 40,840,909 | 156.4 | 8% |
| 2018 | 38,479,876 | 18,902,907 | 19,576,969 | 190.5 | 11% |
| 2019 | 36,859,915 | 19,762,228 | 17,097,687 | 210.1 | 11% |
| 2020 | 24,233,338 | 23,138,052 | 1,095,286 | 198.3 | 7% |
| 2021 | 33,946,131 | 20,799,959 | 13,146,172 | 234.5 | 14% |
| 2022 | 21,490,515 | 21,862,373 | −371,858 | 181.5 | 14% |
| 2023 | 16,597,145 | 25,135,923 | −8,538,778 | 161.6 | 10% |
In its most recent public year (2023), this organization spent $8,538,778 more than it brought in. Its reserves stood at about 161.6 months of spending, down from 277.1 in 2011. Staff pay was 10% of spending. $129,659,926 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
Promedica Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works