Michigan Home Health Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 822,015 | 765,121 | 56,894 | 12.7 | 28% |
| 2012 | 754,738 | 709,224 | 45,514 | 14.0 | 28% |
| 2013 | 705,803 | 756,066 | −50,263 | 13.5 | 27% |
| 2014 | 576,226 | 625,246 | −49,020 | 16.5 | 36% |
| 2015 | 397,645 | 496,372 | −98,727 | 18.5 | 40% |
| 2016 | 465,250 | 527,553 | −62,303 | 14.9 | 41% |
| 2017 | 476,266 | 532,435 | −56,169 | 14.2 | 41% |
| 2018 | 564,447 | 684,010 | −119,563 | 9.2 | 33% |
| 2019 | 599,652 | 639,022 | −39,370 | 8.0 | 36% |
| 2020 | 417,533 | 526,151 | −108,618 | 7.2 | 41% |
| 2021 | 432,132 | 443,068 | −10,936 | 11.3 | 38% |
| 2022 | 485,705 | 491,201 | −5,496 | 9.4 | 37% |
| 2023 | 554,108 | 535,964 | 18,144 | 8.4 | 36% |
In its most recent public year (2023), this organization brought in $18,144 more than it spent. Its reserves stood at about 8.4 months of spending, down from 12.7 in 2011. Staff pay was 36% 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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