Norwalk Hospital Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 425,486,882 | 408,192,474 | 17,294,408 | 13.5 | 33% |
| 2021 | 402,634,806 | 400,928,677 | 1,706,129 | 14.8 | 32% |
| 2022 | 404,720,317 | 421,736,967 | −17,016,650 | 13.2 | 32% |
| 2023 | 418,962,236 | 443,344,321 | −24,382,085 | 11.8 | 32% |
In its most recent public year (2023), this organization spent $24,382,085 more than it brought in. Its reserves stood at about 11.8 months of spending, down from 13.5 in 2020. Staff pay was 32% of spending. $77,795,401 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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