Fairmont Community Hospital Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 232,352 | 206,932 | 25,420 | 283.3 | 25% |
| 2021 | 662,413 | 266,611 | 395,802 | 245.5 | 14% |
| 2022 | 297,666 | 226,811 | 70,855 | 242.5 | 19% |
| 2023 | 979,211 | 474,875 | 504,336 | 138.1 | 10% |
In its most recent public year (2023), this organization brought in $504,336 more than it spent. Its reserves stood at about 138.1 months of spending, down from 283.3 in 2020. Staff pay was 10% of spending. $158,177 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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