Beverly Community Hospital Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 180,010,626 | 183,379,278 | −3,368,652 | 5.1 | 30% |
| 2021 | 174,666,870 | 179,072,472 | −4,405,602 | 4.9 | 32% |
| 2022 | 147,245,922 | 193,974,366 | −46,728,444 | 1.7 | 29% |
| 2023 | 38,717,475 | 140,904,897 | −102,187,422 | -6.4 | 32% |
In its most recent public year (2023), this organization spent $102,187,422 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.4 months), down from 5.1 in 2020. Staff pay was 32% 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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