The Norwalk Hospital Association
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$433,089,973
Program Services
95%
Other
4%
Investments
<1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$467,242,914
Other
40%
Salaries & Benefits
40%
Fees to Service Providers
9%
Depreciation
6%
Offices, Occupancy & IT
4%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$37,624
$9,539
-75%
Government Grants
$1,783,434
$2,293,710
+29%
Fundraising Events
$0
$0
-
Program Services
$391,559,286
$409,549,190
+5%
Membership Dues
$0
$0
-
Investments
$3,690,931
$2,439,909
-34%
Other
$21,890,961
$18,797,625
-14%
Total Revenues
$418,962,236
$433,089,973
+3%
Expenses
2023
2024
Change
Grants
$47,500
$33,887
-29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$176,142,907
$185,856,628
+6%
Fees to Service Providers
$36,494,105
$41,149,990
+13%
Advertising & Promotion
$658,057
$1,061,069
+61%
Offices, Occupancy & IT
$17,761,043
$18,371,756
+3%
Interest
$4,271,145
$3,856,399
-10%
Depreciation
$26,763,058
$28,211,328
+5%
Other
$181,206,506
$188,701,857
+4%
Total Expenses
$443,344,321
$467,242,914
+5%
Net income
2023
2024
Change
Net income
-$24,382,085
-$34,152,941
-40%
Functional Expenses
Summary
2023
2024
Change
Program
$437,636,738
$431,366,587
-1%
Admin
$5,707,583
$35,876,327
+529%
Fundraising
$0
$0
-
Total Expenses
$443,344,321
$467,242,914
+5%
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