Forsyth Medical Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 5,251,973 | 4,590,239 | 661,734 | 194.7 | 0% |
| 2020 | 4,547,702 | 6,336,683 | −1,788,981 | 144.1 | 4% |
| 2021 | 11,824,054 | 8,009,328 | 3,814,726 | 123.4 | 6% |
| 2022 | 6,515,248 | 4,236,616 | 2,278,632 | 215.5 | 10% |
| 2023 | 5,595,810 | 4,708,949 | 886,861 | 209.7 | 10% |
In its most recent public year (2023), this organization brought in $886,861 more than it spent. Its reserves stood at about 209.7 months of spending, up from 194.7 in 2019. Staff pay was 10% of spending. $14,347,259 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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