Hancock Physician Network Llc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 36,510,624 | 37,077,454 | −566,830 | 1.1 | 63% |
| 2021 | 39,333,911 | 35,484,106 | 3,849,805 | 2.4 | 63% |
| 2022 | 37,135,050 | 36,288,148 | 846,902 | 2.6 | 62% |
| 2023 | 30,930,509 | 35,307,121 | −4,376,612 | 1.2 | 60% |
In its most recent public year (2023), this organization spent $4,376,612 more than it brought in. Its reserves stood at about 1.2 months of spending. Staff pay was 60% 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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