Florida Medical Insurance Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 19 | 0 | 19 | — | — |
| 2017 | 1,339,196 | 621,932 | 717,264 | 57.3 | 0% |
| 2018 | 989,554 | 1,259,310 | −269,756 | 25.9 | 0% |
| 2019 | 1,037,288 | 993,131 | 44,157 | 34.3 | 0% |
| 2020 | 1,218,287 | 483,218 | 735,069 | 96.0 | 0% |
| 2021 | 1,649,370 | 1,608,615 | 40,755 | 30.6 | 0% |
| 2022 | 1,492,476 | 703,125 | 789,351 | 62.6 | 0% |
| 2023 | 1,650,030 | −115,764 | 1,765,794 | -470.3 | 0% |
In its most recent public year (2023), this organization brought in $1,765,794 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-470.3 months). Staff pay was 0% 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 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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