Henry Ford Macomb Hospital Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 606,505,384 | 569,103,522 | 37,401,862 | 4.0 | 36% |
| 2021 | 653,565,323 | 619,127,590 | 34,437,733 | 4.4 | 35% |
| 2022 | 640,577,842 | 631,913,679 | 8,664,163 | 3.7 | 0% |
| 2023 | 645,429,554 | 630,454,115 | 14,975,439 | 7.3 | 35% |
In its most recent public year (2023), this organization brought in $14,975,439 more than it spent. Its reserves stood at about 7.3 months of spending, up from 4 in 2020. Staff pay was 35% of spending. $15,209,039 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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