Memorial Endowment Fund Of Memorial Hospital Of South Bend
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 92,645 | 68,895 | 23,750 | 231.9 | 23% |
| 2021 | 291,933 | 85,567 | 206,366 | 215.7 | 21% |
| 2022 | 126,791 | 91,810 | 34,981 | 205.6 | 18% |
| 2023 | 43,625 | 87,476 | −43,851 | 209.7 | 19% |
In its most recent public year (2023), this organization spent $43,851 more than it brought in. Its reserves stood at about 209.7 months of spending, down from 231.9 in 2020. Staff pay was 19% 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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