Norwegian American Hospital Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,237,519 | 530,386 | 707,133 | 57.6 | 19% |
| 2012 | 446,557 | 439,770 | 6,787 | 67.0 | 24% |
| 2013 | 435,857 | 499,653 | −63,796 | 51.7 | 28% |
| 2014 | 279,266 | 302,068 | −22,802 | 87.5 | 14% |
| 2015 | 628,346 | 849,294 | −220,948 | 25.0 | 17% |
| 2016 | 665,229 | 782,351 | −117,122 | 26.1 | 7% |
| 2017 | 624,727 | 828,425 | −203,698 | 23.2 | 14% |
| 2018 | 975,757 | 740,089 | 235,668 | 27.8 | 25% |
| 2019 | 3,637,137 | 1,659,533 | 1,977,604 | 26.8 | 11% |
| 2020 | 1,874,928 | 1,237,030 | 637,898 | 42.7 | 16% |
| 2021 | 2,107,177 | 724,555 | 1,382,622 | 100.1 | 25% |
| 2022 | 1,843,377 | 780,401 | 1,062,976 | 102.0 | 16% |
| 2023 | 918,391 | 783,881 | 134,510 | 106.8 | 19% |
In its most recent public year (2023), this organization brought in $134,510 more than it spent. Its reserves stood at about 106.8 months of spending, up from 57.6 in 2011. Staff pay was 19% of spending. $5,242,904 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
Norwegian American Hospital 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