SOUTH SHORE UNIVERSITY HOSPITAL
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,197,432,456
Program Services
97%
Other
2%
Government Grants
1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,165,138,079
Salaries & Benefits
63%
Offices, Occupancy & IT
17%
Other
15%
Depreciation
3%
Interest
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$12,897,932
$12,814,220
-1%
Fundraising Events
$0
$0
-
Program Services
$1,034,237,641
$1,156,030,889
+12%
Membership Dues
$0
$0
-
Investments
$193,522
$597,606
+209%
Other
$22,632,210
$27,989,741
+24%
Total Revenues
$1,069,961,305
$1,197,432,456
+12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$639,939,457
$733,424,322
+15%
Fees to Service Providers
$10,828,788
$7,159,391
-34%
Advertising & Promotion
$341,181
$593,510
+74%
Offices, Occupancy & IT
$188,811,481
$197,884,308
+5%
Interest
$5,091,132
$8,160,497
+60%
Depreciation
$32,658,655
$38,266,615
+17%
Other
$162,689,247
$179,649,436
+10%
Total Expenses
$1,040,359,941
$1,165,138,079
+12%
Net income
2023
2024
Change
Net income
+$29,601,364
+$32,294,377
+9%
Functional Expenses
Summary
2023
2024
Change
Program
$927,834,049
$1,047,025,708
+13%
Admin
$111,904,364
$117,535,250
+5%
Fundraising
$621,528
$577,121
-7%
Total Expenses
$1,040,359,941
$1,165,138,079
+12%
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