Munising Memorial Hospital Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,534,476 | 10,130,333 | −595,857 | 0.9 | 33% |
| 2012 | 9,372,217 | 10,180,437 | −808,220 | -0.6 | 36% |
| 2013 | 9,470,783 | 10,034,819 | −564,036 | -1.1 | 34% |
| 2014 | 10,051,832 | 10,281,953 | −230,121 | -1.0 | 33% |
| 2015 | 10,481,326 | 10,869,474 | −388,148 | -1.1 | 37% |
| 2016 | 11,217,807 | 10,019,767 | 1,198,040 | 0.5 | 38% |
| 2018 | 9,297,779 | 9,078,205 | 219,574 | 1.1 | 40% |
| 2019 | 11,037,325 | 10,708,453 | 328,872 | 1.3 | 46% |
| 2020 | 11,189,262 | 11,540,027 | −350,765 | 0.7 | 45% |
| 2021 | 14,395,976 | 12,349,399 | 2,046,577 | 2.9 | 42% |
| 2022 | 14,519,656 | 13,566,950 | 952,706 | 3.6 | 40% |
| 2023 | 13,830,869 | 13,543,407 | 287,462 | 3.7 | 43% |
In its most recent public year (2023), this organization brought in $287,462 more than it spent. Its reserves stood at about 3.7 months of spending, up from 0.9 in 2011. Staff pay was 43% 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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