Forsyth Memorial Hospital Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,551,372,846 | 1,443,848,191 | 107,524,655 | 15.0 | 32% |
| 2021 | 1,668,189,599 | 1,527,559,495 | 140,630,104 | 15.3 | 31% |
| 2022 | 1,377,864,424 | 1,409,445,707 | −31,581,283 | 16.2 | 33% |
| 2023 | 1,442,088,470 | 1,444,760,573 | −2,672,103 | 15.7 | 35% |
In its most recent public year (2023), this organization spent $2,672,103 more than it brought in. Its reserves stood at about 15.7 months of spending. Staff pay was 35% of spending. $450 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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