Mymichigan Medical Center Midland
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 519,314,137 | 477,901,846 | 41,412,291 | 14.3 | 29% |
| 2021 | 584,746,990 | 546,225,619 | 38,521,371 | 16.5 | 28% |
| 2022 | 744,742,068 | 565,362,016 | 179,380,052 | 14.4 | 30% |
| 2023 | 620,537,162 | 617,712,285 | 2,824,877 | 14.6 | 30% |
In its most recent public year (2023), this organization brought in $2,824,877 more than it spent. Its reserves stood at about 14.6 months of spending. Staff pay was 30% 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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