Mille Lacs Health System
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 36,747,081 | 34,715,441 | 2,031,640 | 5.2 | 41% |
| 2012 | 37,829,679 | 37,406,249 | 423,430 | 4.9 | 42% |
| 2013 | 37,826,779 | 37,518,289 | 308,490 | 5.0 | 47% |
| 2014 | 37,133,179 | 38,020,411 | −887,232 | 4.7 | 48% |
| 2015 | 38,730,531 | 38,809,269 | −78,738 | 4.5 | 49% |
| 2016 | 41,230,843 | 41,586,751 | −355,908 | 4.1 | 47% |
| 2017 | 41,812,242 | 41,402,006 | 410,236 | 4.3 | 49% |
| 2018 | 44,264,598 | 42,594,366 | 1,670,232 | 4.6 | 50% |
| 2019 | 46,108,730 | 44,793,049 | 1,315,681 | 4.8 | 50% |
| 2020 | 46,649,382 | 45,601,416 | 1,047,966 | 5.1 | 50% |
| 2021 | 49,720,336 | 46,122,120 | 3,598,216 | 6.3 | 51% |
| 2022 | 48,154,500 | 51,072,396 | −2,917,896 | 4.9 | 50% |
| 2023 | 57,325,908 | 58,602,250 | −1,276,342 | 3.7 | 46% |
In its most recent public year (2023), this organization spent $1,276,342 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 5.2 in 2011. Staff pay was 46% of spending. $154,459 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
Mille Lacs Health System's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works