Mymichigan Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 69,907,530 | 87,630,176 | −17,722,646 | 105.1 | 39% |
| 2021 | 343,130,388 | 92,228,042 | 250,902,346 | 138.7 | 42% |
| 2022 | 129,460,365 | 102,648,708 | 26,811,657 | 129.2 | 43% |
| 2023 | 214,882,516 | 100,912,937 | 113,969,579 | 130.2 | 40% |
In its most recent public year (2023), this organization brought in $113,969,579 more than it spent. Its reserves stood at about 130.2 months of spending, up from 105.1 in 2020. Staff pay was 40% 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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