SHORE MEMORIAL HOSPITAL
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$267,733,748
Program Services
97%
Other
2%
Contributions
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Investments
0%
Expenses in 2024
$225,727,927
Salaries & Benefits
43%
Other
27%
Fees to Service Providers
24%
Depreciation
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,558,563
$1,629,550
+5%
Government Grants
$510,440
$637,581
+25%
Fundraising Events
$291,188
$313,299
+8%
Program Services
$232,406,101
$259,533,219
+12%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$7,286,235
$5,620,099
-23%
Total Revenues
$242,052,527
$267,733,748
+11%
Expenses
2023
2024
Change
Grants
$120,240
$168,858
+40%
Benefits to Members
$0
$0
-
Salaries & Benefits
$93,904,718
$95,986,621
+2%
Fees to Service Providers
$47,421,786
$53,575,004
+13%
Advertising & Promotion
$500,014
$688,089
+38%
Offices, Occupancy & IT
$5,337,449
$5,743,053
+8%
Interest
$778,917
$0
-100%
Depreciation
$8,192,443
$8,367,291
+2%
Other
$58,135,676
$61,199,011
+5%
Total Expenses
$214,391,243
$225,727,927
+5%
Net income
2023
2024
Change
Net income
+$27,661,284
+$42,005,821
+52%
Functional Expenses
Summary
2023
2024
Change
Program
$178,141,597
$187,266,775
+5%
Admin
$35,540,769
$37,669,066
+6%
Fundraising
$708,877
$792,086
+12%
Total Expenses
$214,391,243
$225,727,927
+5%
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