Blue Cross Blue Shield Of Michigan Bargaining Unit Internal Health
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,356,382 | 14,970,985 | −10,614,603 | 428.9 | 0% |
| 2021 | 8,438,746 | 19,588,815 | −11,150,069 | 335.6 | 1% |
| 2022 | −15,598,847 | 17,432,243 | −33,031,090 | 286.1 | 1% |
| 2023 | −12,129,760 | 47,226,304 | −59,356,064 | 107.6 | 0% |
In its most recent public year (2023), this organization spent $59,356,064 more than it brought in. Its reserves stood at about 107.6 months of spending, down from 428.9 in 2020. 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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