Memorial Hospital Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 349,078 | 36,467 | 312,611 | 637.1 | 0% |
| 2022 | 105,925 | 56,447 | 49,478 | 440.1 | 0% |
| 2023 | 150,239 | 464,956 | −314,717 | 38.9 | 0% |
In its most recent public year (2023), this organization spent $314,717 more than it brought in. Its reserves stood at about 38.9 months of spending, down from 637.1 in 2021. Staff pay was 0% of spending. $29,875 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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