BAYSTATE FRANKLIN MEDICAL CENTER
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$141,071,143
Program Services
88%
Other
11%
Government Grants
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$133,187,382
Salaries & Benefits
40%
Offices, Occupancy & IT
35%
Other
13%
Fees to Service Providers
7%
Depreciation
3%
Interest
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$4,794,049
$1,208,504
-75%
Fundraising Events
$0
$0
-
Program Services
$116,843,135
$123,749,254
+6%
Membership Dues
$0
$0
-
Investments
$720,673
$702,832
-2%
Other
$6,184,176
$15,410,553
+149%
Total Revenues
$128,542,033
$141,071,143
+10%
Expenses
2023
2024
Change
Grants
$0
$12,407
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$52,080,932
$53,370,626
+2%
Fees to Service Providers
$10,379,501
$9,752,562
-6%
Advertising & Promotion
$168
$13
-92%
Offices, Occupancy & IT
$44,471,042
$47,050,463
+6%
Interest
$747,460
$572,166
-23%
Depreciation
$4,635,999
$4,641,110
+0%
Other
$15,843,177
$17,788,035
+12%
Total Expenses
$128,158,279
$133,187,382
+4%
Net income
2023
2024
Change
Net income
+$383,754
+$7,883,761
+1954%
Functional Expenses
Summary
2023
2024
Change
Program
$117,698,996
$123,064,239
+5%
Admin
$10,459,283
$10,123,143
-3%
Fundraising
$0
$0
-
Total Expenses
$128,158,279
$133,187,382
+4%
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