Southern Medical Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,001,496 | 1,230,864 | −229,368 | 43.1 | 33% |
| 2021 | 1,111,448 | 896,330 | 215,118 | 82.1 | 40% |
| 2022 | 1,030,913 | 1,112,401 | −81,488 | 55.1 | 34% |
| 2023 | 1,143,975 | 1,170,750 | −26,775 | 48.7 | 46% |
In its most recent public year (2023), this organization spent $26,775 more than it brought in. Its reserves stood at about 48.7 months of spending, up from 43.1 in 2020. Staff pay was 46% of spending. $1,129,467 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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