University Of Michigan Health Medicare
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 149,902 | 5,407,411 | −5,257,509 | 20.8 | 16% |
| 2020 | 30,826,922 | 44,811,937 | −13,985,015 | 1.1 | 3% |
| 2021 | 51,693,098 | 64,781,167 | −13,088,069 | 2.1 | 3% |
| 2022 | 78,100,472 | 90,199,024 | −12,098,552 | -0.1 | 2% |
| 2023 | 91,166,122 | 112,199,464 | −21,033,342 | 1.7 | 1% |
In its most recent public year (2023), this organization spent $21,033,342 more than it brought in. Its reserves stood at about 1.7 months of spending, down from 20.8 in 2019. Staff pay was 1% 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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