Spectrum Health Systems Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 46,389,273 | 44,288,446 | 2,100,827 | 6.4 | 66% |
| 2012 | 47,889,909 | 46,183,184 | 1,706,725 | 6.6 | 64% |
| 2013 | 51,456,540 | 49,858,274 | 1,598,266 | 6.5 | 66% |
| 2014 | 56,101,854 | 53,914,722 | 2,187,132 | 6.5 | 65% |
| 2015 | 61,820,229 | 58,966,141 | 2,854,088 | 6.5 | 64% |
| 2016 | 69,772,072 | 67,729,365 | 2,042,707 | 6.1 | 63% |
| 2017 | 68,692,870 | 72,954,236 | −4,261,366 | 4.9 | 58% |
| 2018 | 67,273,763 | 63,999,374 | 3,274,389 | 6.2 | 63% |
| 2019 | 75,335,569 | 67,867,442 | 7,468,127 | 7.2 | 63% |
| 2020 | 85,319,539 | 75,329,813 | 9,989,726 | 8.1 | 64% |
| 2021 | 97,478,022 | 75,814,765 | 21,663,257 | 11.6 | 67% |
| 2022 | 99,816,707 | 81,690,090 | 18,126,617 | 12.8 | 65% |
| 2023 | 110,947,466 | 85,549,196 | 25,398,270 | 16.4 | 4% |
In its most recent public year (2023), this organization brought in $25,398,270 more than it spent. Its reserves stood at about 16.4 months of spending, up from 6.4 in 2011. Staff pay was 4% of spending. $481,954 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
Spectrum Health Systems Inc'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