TOWER HEALTH MEDICAL GROUP
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$217,574,823
Program Services
97%
Other
3%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$379,450,350
Salaries & Benefits
76%
Other
14%
Fees to Service Providers
7%
Offices, Occupancy & IT
3%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$7,526,178
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$211,402,026
$211,923,039
+0%
Membership Dues
$0
$0
-
Investments
$53,393
$93,072
+74%
Other
$6,341,105
$5,558,712
-12%
Total Revenues
$225,322,702
$217,574,823
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$292,777,748
$287,270,594
-2%
Fees to Service Providers
$21,194,463
$26,950,692
+27%
Advertising & Promotion
$2,089
$326,983
+15553%
Offices, Occupancy & IT
$12,595,943
$10,399,278
-17%
Interest
$87,821
$75,719
-14%
Depreciation
$1,674,386
$1,505,008
-10%
Other
$77,072,311
$52,922,076
-31%
Total Expenses
$405,404,761
$379,450,350
-6%
Net income
2023
2024
Change
Net income
-$180,082,059
-$161,875,527
+10%
Functional Expenses
Summary
2023
2024
Change
Program
$374,349,085
$345,292,328
-8%
Admin
$31,055,676
$34,158,022
+10%
Fundraising
$0
$0
-
Total Expenses
$405,404,761
$379,450,350
-6%
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