Minnesota Health Info Mgmt Assoc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 212,334 | 215,889 | −3,555 | 12.4 | 7% |
| 2013 | 206,521 | 160,922 | 45,599 | 20.5 | 29% |
| 2014 | 222,079 | 198,364 | 23,715 | 18.9 | 23% |
| 2015 | 246,062 | 181,900 | 64,162 | 24.6 | 26% |
| 2016 | 244,899 | 202,399 | 42,500 | 23.7 | 25% |
| 2017 | 266,173 | 222,556 | 43,617 | 24.7 | 23% |
| 2018 | 241,775 | 218,341 | 23,434 | 26.3 | 24% |
| 2019 | 197,643 | 176,035 | 21,608 | 34.3 | 24% |
| 2020 | 197,749 | 132,981 | 64,768 | 51.1 | 34% |
| 2021 | 155,797 | 94,358 | 61,439 | 82.8 | 53% |
| 2022 | 198,067 | 221,231 | −23,164 | 31.9 | 34% |
| 2023 | 167,662 | 242,356 | −74,694 | 25.5 | 35% |
| 2024 | 166,206 | 213,009 | −46,803 | 26.3 | 34% |
In its most recent public year (2024), this organization spent $46,803 more than it brought in. Its reserves stood at about 26.3 months of spending, up from 12.4 in 2012. Staff pay was 34% 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 2024. 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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