Memorial Health Care Systems
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 38,239,352 | 34,100,930 | 4,138,422 | 24.9 | 48% |
| 2021 | 48,231,083 | 37,597,270 | 10,633,813 | 26.4 | 48% |
| 2022 | 46,821,934 | 40,873,843 | 5,948,091 | 24.6 | 46% |
| 2023 | 47,757,978 | 41,489,260 | 6,268,718 | 26.5 | 47% |
In its most recent public year (2023), this organization brought in $6,268,718 more than it spent. Its reserves stood at about 26.5 months of spending, up from 24.9 in 2020. Staff pay was 47% of spending. $8,349,809 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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