Spektrum Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 275,747 | 255,931 | 19,816 | 1.6 | 23% |
| 2021 | 1,090,080 | 1,004,161 | 85,919 | 1.4 | 44% |
| 2022 | 1,868,438 | 2,059,833 | −191,395 | -0.4 | 39% |
| 2023 | 2,208,471 | 2,100,204 | 108,267 | 0.2 | 34% |
| 2024 | 1,522,499 | 1,632,603 | −110,104 | -0.5 | 34% |
In its most recent public year (2024), this organization spent $110,104 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.5 months), down from 1.6 in 2020. Staff pay was 34% 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 2024. 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works