ALBANY MED HEALTH SYSTEM
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$316,046,827
Program Services
99%
Investments
<1%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$312,456,150
Salaries & Benefits
45%
Other
35%
Depreciation
9%
Fees to Service Providers
7%
Offices, Occupancy & IT
2%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$333,726
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$287,200,394
$312,326,728
+9%
Membership Dues
$0
$0
-
Investments
$3,108,012
$2,019,290
-35%
Other
$1,908,330
$1,700,809
-11%
Total Revenues
$292,550,462
$316,046,827
+8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$128,127,317
$139,779,613
+9%
Fees to Service Providers
$28,254,543
$22,290,904
-21%
Advertising & Promotion
$2,783,321
$2,983,541
+7%
Offices, Occupancy & IT
$7,559,537
$7,791,231
+3%
Interest
$3,524,893
$3,169,036
-10%
Depreciation
$21,832,102
$27,578,713
+26%
Other
$96,536,842
$108,863,112
+13%
Total Expenses
$288,618,555
$312,456,150
+8%
Net income
2023
2024
Change
Net income
+$3,931,907
+$3,590,677
-9%
Functional Expenses
Summary
2023
2024
Change
Program
$288,618,555
$312,456,150
+8%
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$288,618,555
$312,456,150
+8%
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