Michigan Health Endowment Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 100,147,449 | 38,947,625 | 61,199,824 | 18.9 | 0% |
| 2015 | 50,687,046 | 14,288,198 | 36,398,848 | 82.0 | 3% |
| 2016 | 64,896,217 | 27,986,552 | 36,909,665 | 57.4 | 3% |
| 2017 | 67,008,980 | 54,825,585 | 12,183,395 | 34.7 | 2% |
| 2018 | 92,174,540 | 62,050,729 | 30,123,811 | 33.9 | 3% |
| 2019 | 92,923,976 | 64,705,030 | 28,218,946 | 41.9 | 4% |
| 2020 | 101,890,757 | 65,905,919 | 35,984,838 | 51.6 | 4% |
| 2021 | 101,875,561 | 58,257,426 | 43,618,135 | 72.2 | 5% |
| 2022 | 108,315,323 | 58,510,745 | 49,804,578 | 70.6 | 5% |
| 2023 | 112,333,265 | 45,073,297 | 67,259,968 | 122.1 | 7% |
In its most recent public year (2023), this organization brought in $67,259,968 more than it spent. Its reserves stood at about 122.1 months of spending, up from 18.9 in 2014. Staff pay was 7% of spending. $246,200,000 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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