Seton Healthcare Corporation Of Southeast Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 3,007,806 | 4,568,486 | −1,560,680 | 2.5 | 63% |
| 2018 | 4,581,642 | 9,833,969 | −5,252,327 | 1.5 | 48% |
| 2019 | 5,357,878 | 11,219,783 | −5,861,905 | 0.6 | 46% |
| 2020 | 5,283,316 | 10,641,373 | −5,358,057 | 11.6 | 51% |
| 2022 | 5,622,283 | 10,800,908 | −5,178,625 | -0.2 | 48% |
| 2023 | 3,518,164 | 8,657,174 | −5,139,010 | -0.0 | 49% |
In its most recent public year (2023), this organization spent $5,139,010 more than it brought in. Its reserves stood at about 0 months of spending, down from 2.5 in 2017. Staff pay was 49% 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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