Memorial Health System
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 730,577,736 | 705,318,496 | 25,259,240 | 6.7 | 32% |
| 2012 | 772,102,280 | 706,552,788 | 65,549,492 | 6.8 | 32% |
| 2013 | 770,035,009 | 717,417,264 | 52,617,745 | 9.6 | 33% |
| 2014 | 812,581,143 | 743,963,482 | 68,617,661 | 9.7 | 32% |
| 2015 | 869,105,183 | 798,717,240 | 70,387,943 | 8.9 | 32% |
| 2016 | 1,008,232,953 | 968,223,889 | 40,009,064 | 9.3 | 32% |
| 2017 | 1,012,866,290 | 954,316,649 | 58,549,641 | 10.6 | 34% |
| 2018 | 1,060,411,171 | 964,792,454 | 95,618,717 | 11.4 | 34% |
| 2019 | 1,053,969,669 | 1,010,025,509 | 43,944,160 | 11.5 | 34% |
| 2020 | 1,384,680,779 | 1,366,382,937 | 18,297,842 | 10.9 | 34% |
| 2021 | 1,442,955,425 | 1,343,413,793 | 99,541,632 | 13.0 | 36% |
| 2022 | 1,546,371,720 | 1,576,823,533 | −30,451,813 | 9.4 | 36% |
| 2023 | 1,513,989,654 | 1,557,786,987 | −43,797,333 | 9.5 | 37% |
In its most recent public year (2023), this organization spent $43,797,333 more than it brought in. Its reserves stood at about 9.5 months of spending, up from 6.7 in 2011. Staff pay was 37% of spending. $169,165,292 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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