MYMICHIGAN MEDICAL CENTER MIDLAND
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$694,854,534
Program Services
99%
Investments
<1%
Government Grants
<1%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$683,864,514
Other
50%
Salaries & Benefits
35%
Fees to Service Providers
7%
Depreciation
5%
Offices, Occupancy & IT
2%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$12,540,434
$3,420,495
-73%
Fundraising Events
$0
$0
-
Program Services
$582,868,987
$685,108,261
+18%
Membership Dues
$0
$0
-
Investments
$7,278,907
$4,168,088
-43%
Other
$17,848,834
$2,157,690
-88%
Total Revenues
$620,537,162
$694,854,534
+12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$217,774,675
$241,970,474
+11%
Fees to Service Providers
$36,559,530
$46,147,310
+26%
Advertising & Promotion
$127,794
$38,355
-70%
Offices, Occupancy & IT
$12,232,189
$13,451,693
+10%
Interest
$8,007,959
$8,107,193
+1%
Depreciation
$31,247,580
$32,767,477
+5%
Other
$311,762,558
$341,382,012
+10%
Total Expenses
$617,712,285
$683,864,514
+11%
Net income
2023
2024
Change
Net income
+$2,824,877
+$10,990,020
+289%
Functional Expenses
Summary
2023
2024
Change
Program
$553,211,977
$611,369,050
+11%
Admin
$63,922,284
$71,820,805
+12%
Fundraising
$578,024
$674,659
+17%
Total Expenses
$617,712,285
$683,864,514
+11%
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