Novant Health Medical Group Llc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 551,497,428 | 617,301,483 | −65,804,055 | -7.1 | 59% |
| 2012 | 540,768,001 | 593,140,412 | −52,372,411 | -8.5 | 60% |
| 2013 | 591,983,157 | 633,142,829 | −41,159,672 | -8.7 | 62% |
| 2014 | 641,606,815 | 680,857,838 | −39,251,023 | -8.8 | 63% |
| 2015 | 708,997,887 | 772,472,955 | −63,475,068 | -8.8 | 61% |
| 2016 | 765,161,565 | 836,698,476 | −71,536,911 | -9.3 | 60% |
| 2017 | 852,835,909 | 928,946,062 | −76,110,153 | -9.4 | 61% |
| 2018 | 928,163,682 | 1,034,672,708 | −106,509,026 | -9.7 | 63% |
| 2019 | 1,015,953,477 | 1,164,066,763 | −148,113,286 | -10.1 | 63% |
| 2020 | 1,058,126,511 | 1,213,724,791 | −155,598,280 | -11.3 | 61% |
| 2021 | 1,176,984,211 | 1,280,252,874 | −103,268,663 | -11.7 | 63% |
| 2022 | 1,139,120,740 | 1,293,659,255 | −154,538,515 | -13.0 | 65% |
In its most recent public year (2022), this organization spent $154,538,515 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13 months), down from -7.1 in 2011. Staff pay was 65% 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 2022. 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
Novant Health Medical Group Llc's IRS filings as a feed — one entry per filing year, through 2022. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works