Medtech Innovator
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,417,724 | 2,206,687 | 1,211,037 | 18.5 | 41% |
| 2021 | 4,844,645 | 2,373,425 | 2,471,220 | 28.0 | 49% |
| 2022 | 3,463,152 | 3,537,911 | −74,759 | 17.5 | 50% |
| 2023 | 13,316,576 | 3,944,254 | 9,372,322 | 44.2 | 52% |
In its most recent public year (2023), this organization brought in $9,372,322 more than it spent. Its reserves stood at about 44.2 months of spending, up from 18.5 in 2020. Staff pay was 52% of spending. $12,045,085 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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