Lorain County Medical Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 139,072 | 53,836 | 85,236 | 195.4 | 0% |
| 2020 | 111,281 | 56,293 | 54,988 | 198.6 | 0% |
| 2021 | 115,594 | 89,880 | 25,714 | 127.8 | 0% |
| 2022 | 0 | 143,277 | −143,277 | 68.2 | 0% |
| 2023 | 95,547 | 26,758 | 68,789 | 395.8 | 0% |
In its most recent public year (2023), this organization brought in $68,789 more than it spent. Its reserves stood at about 395.8 months of spending, up from 195.4 in 2019. Staff pay was 0% of spending. $808,165 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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