Sparrow Carson Hospital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 46,702,548 | 48,583,521 | −1,880,973 | 1.1 | 44% |
| 2021 | 46,073,007 | 48,890,776 | −2,817,769 | 0.6 | 45% |
| 2022 | 46,658,036 | 49,822,654 | −3,164,618 | -0.7 | 46% |
| 2023 | 22,272,013 | 24,961,794 | −2,689,781 | -1.6 | 45% |
In its most recent public year (2023), this organization spent $2,689,781 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.6 months), down from 1.1 in 2020. Staff pay was 45% 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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