Health Net Of West Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 7,639,599 | 7,283,296 | 356,303 | 3.5 | 1% |
| 2012 | 6,211,427 | 5,773,759 | 437,668 | 8.6 | 1% |
| 2013 | 5,088,952 | 4,882,191 | 206,761 | 10.7 | 1% |
| 2014 | 5,454,720 | 5,027,361 | 427,359 | 11.4 | 17% |
| 2015 | 3,089,802 | 3,461,628 | −371,826 | 15.3 | 41% |
| 2016 | 2,578,179 | 4,615,499 | −2,037,320 | 6.0 | 38% |
| 2017 | 2,591,611 | 3,170,094 | −578,483 | 6.6 | 44% |
| 2018 | 2,346,794 | 2,341,260 | 5,534 | 9.0 | 54% |
| 2019 | 2,485,307 | 2,653,531 | −168,224 | 2.9 | 56% |
| 2020 | 2,956,540 | 2,852,255 | 104,285 | 3.1 | 60% |
| 2021 | 3,407,263 | 3,114,103 | 293,160 | 4.1 | 60% |
| 2022 | 3,431,975 | 3,669,160 | −237,185 | 2.7 | 61% |
| 2023 | 3,539,107 | 4,092,502 | −553,395 | 0.8 | 66% |
In its most recent public year (2023), this organization spent $553,395 more than it brought in. Its reserves stood at about 0.8 months of spending, down from 3.5 in 2010. Staff pay was 66% of spending. $436,477 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works