Great Lakes Physician Practice Pc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 29,596,794 | 41,706,096 | −12,109,302 | -9.0 | 68% |
| 2021 | 34,921,259 | 45,562,724 | −10,641,465 | -10.9 | 71% |
| 2022 | 33,003,744 | 45,566,993 | −12,563,249 | -14.3 | 71% |
| 2023 | 39,755,796 | 52,834,746 | −13,078,950 | -15.3 | 72% |
In its most recent public year (2023), this organization spent $13,078,950 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-15.3 months), down from -9 in 2020. Staff pay was 72% 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 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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