Memorial Medical Center Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 20,450,549 | 9,723,427 | 10,727,122 | 171.3 | 23% |
| 2012 | 12,844,197 | 10,246,637 | 2,597,560 | 161.3 | 18% |
| 2013 | 16,621,083 | 10,130,129 | 6,490,954 | 173.2 | 16% |
| 2014 | 16,979,125 | 15,758,100 | 1,221,025 | 123.1 | 10% |
| 2015 | 18,752,212 | 10,808,068 | 7,944,144 | 179.2 | 17% |
| 2016 | 8,897,837 | 12,144,135 | −3,246,298 | 143.4 | 14% |
| 2017 | 11,723,652 | 7,437,386 | 4,286,266 | 259.2 | 19% |
| 2018 | 14,999,395 | 6,855,373 | 8,144,022 | 301.3 | 16% |
| 2019 | 39,146,140 | 7,660,562 | 31,485,578 | 326.5 | 20% |
| 2020 | 15,146,555 | 7,777,639 | 7,368,916 | 330.3 | 21% |
| 2021 | 15,793,957 | 11,354,722 | 4,439,235 | 270.0 | 15% |
| 2022 | 14,326,786 | 9,208,386 | 5,118,400 | 307.8 | 13% |
| 2023 | 9,663,864 | 8,541,790 | 1,122,074 | 349.9 | 16% |
In its most recent public year (2023), this organization brought in $1,122,074 more than it spent. Its reserves stood at about 349.9 months of spending, up from 171.3 in 2011. Staff pay was 16% of spending. $192,263,977 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
Memorial Medical Center Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works