Blue Cross And Blue Shield Of Michigan Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,650,586 | 2,624,732 | −974,146 | 219.2 | 29% |
| 2011 | 5,420,889 | 2,508,366 | 2,912,523 | 217.9 | 34% |
| 2012 | 2,890,964 | 3,449,623 | −558,659 | 169.3 | 32% |
| 2013 | 3,475,372 | 2,942,300 | 533,072 | 228.6 | 33% |
| 2014 | 9,602,187 | 3,549,710 | 6,052,477 | 189.9 | 31% |
| 2015 | 1,468,857 | 3,628,186 | −2,159,329 | 176.2 | 31% |
| 2016 | 4,763,755 | 3,373,656 | 1,390,099 | 187.7 | 33% |
| 2017 | 2,168,931 | 3,658,520 | −1,489,589 | 192.1 | 35% |
| 2018 | 2,040,005 | 4,106,494 | −2,066,489 | 151.0 | 31% |
| 2019 | 439,839 | 3,143,833 | −2,703,994 | 218.2 | 39% |
| 2020 | 381,617 | 3,208,277 | −2,826,660 | 201.7 | 50% |
| 2021 | 15,786,685 | 3,921,974 | 11,864,711 | 181.0 | 38% |
| 2022 | 1,121,426 | 2,952,454 | −1,831,028 | 199.5 | 47% |
| 2023 | 1,117,173 | 3,245,936 | −2,128,763 | 196.9 | 44% |
In its most recent public year (2023), this organization spent $2,128,763 more than it brought in. Its reserves stood at about 196.9 months of spending, down from 219.2 in 2010. Staff pay was 44% of spending. $1,392,009 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
Blue Cross And Blue Shield Of Michigan 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