The Summit Medical Group Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,747,118 | 1,492,947 | 254,171 | 36.5 | 0% |
| 2021 | 1,657,212 | 1,764,156 | −106,944 | 30.7 | 0% |
| 2022 | 1,678,529 | 2,609,008 | −930,479 | 16.5 | 0% |
| 2023 | 7,771,686 | 2,561,270 | 5,210,416 | 41.2 | 0% |
In its most recent public year (2023), this organization brought in $5,210,416 more than it spent. Its reserves stood at about 41.2 months of spending, up from 36.5 in 2020. Staff pay was 0% of spending. $891,293 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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