Charlevoix Nursing Home Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 4,558,424 | 4,213,942 | 344,482 | 8.0 | 55% |
| 2011 | 4,831,054 | 4,437,278 | 393,776 | 8.6 | 56% |
| 2012 | 3,668,764 | 3,300,256 | 368,508 | 16.5 | 57% |
| 2013 | 5,397,524 | 4,861,164 | 536,360 | 12.5 | 53% |
| 2014 | 5,400,635 | 4,890,826 | 509,809 | 13.8 | 56% |
| 2015 | 5,742,296 | 5,323,454 | 418,842 | 13.7 | 57% |
| 2016 | 5,818,647 | 5,523,000 | 295,647 | 13.9 | 55% |
| 2017 | 6,475,691 | 6,130,797 | 344,894 | 13.2 | 52% |
| 2018 | 6,730,174 | 6,358,389 | 371,785 | 13.5 | 52% |
| 2019 | 7,031,071 | 6,656,084 | 374,987 | 13.7 | 52% |
| 2020 | 6,975,048 | 6,754,036 | 221,012 | 14.0 | 51% |
| 2021 | 8,591,010 | 7,633,298 | 957,712 | 13.4 | 48% |
| 2022 | 8,276,982 | 8,054,934 | 222,048 | 12.3 | 51% |
| 2023 | 8,940,536 | 8,545,799 | 394,737 | 12.4 | 55% |
In its most recent public year (2023), this organization brought in $394,737 more than it spent. Its reserves stood at about 12.4 months of spending, up from 8 in 2010. Staff pay was 55% 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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