Mymichigan Medical Center Sault
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 117,432,660 | 108,113,320 | 9,319,340 | 4.4 | 44% |
| 2021 | 126,853,788 | 117,077,750 | 9,776,038 | 5.2 | 45% |
| 2022 | 61,935,531 | 63,809,277 | −1,873,746 | 10.3 | 42% |
| 2023 | 140,045,017 | 143,218,642 | −3,173,625 | 6.2 | 41% |
In its most recent public year (2023), this organization spent $3,173,625 more than it brought in. Its reserves stood at about 6.2 months of spending, up from 4.4 in 2020. Staff pay was 41% of spending. $443,432 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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