Ocean Reef Medical Center Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,003,354 | 3,702,241 | 301,113 | 160.5 | 2% |
| 2021 | 11,344,677 | 4,525,563 | 6,819,114 | 159.6 | 2% |
| 2022 | 9,751,536 | 5,222,119 | 4,529,417 | 128.9 | 1% |
| 2023 | 5,655,360 | 5,662,996 | −7,636 | 126.1 | 1% |
In its most recent public year (2023), this organization spent $7,636 more than it brought in. Its reserves stood at about 126.1 months of spending, down from 160.5 in 2020. Staff pay was 1% of spending. $453,078 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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