Mymichigan Medical Center Alpena
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 148,652,111 | 133,155,700 | 15,496,411 | 4.8 | 34% |
| 2021 | 172,257,895 | 147,841,678 | 24,416,217 | 10.0 | 30% |
| 2022 | 244,701,325 | 199,197,406 | 45,503,919 | 10.1 | 25% |
| 2023 | 254,736,004 | 233,788,889 | 20,947,115 | 10.2 | 24% |
In its most recent public year (2023), this organization brought in $20,947,115 more than it spent. Its reserves stood at about 10.2 months of spending, up from 4.8 in 2020. Staff pay was 24% of spending. $1,027,000 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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