Mymichigan Medical Center Saginaw Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,559,320 | 1,137,653 | 1,421,667 | 259.3 | 0% |
| 2021 | 2,225,102 | 1,329,315 | 895,787 | 278.4 | 0% |
| 2022 | 4,343,361 | 3,177,328 | 1,166,033 | 94.9 | 0% |
| 2023 | 1,905,979 | 4,198,789 | −2,292,810 | 63.4 | 0% |
In its most recent public year (2023), this organization spent $2,292,810 more than it brought in. Its reserves stood at about 63.4 months of spending, down from 259.3 in 2020. Staff pay was 0% of spending. $3,579,437 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
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