HENRY FORD HEALTH SYSTEM
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,284,200,687
Program Services
91%
Other
5%
Contributions
2%
Investments
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$4,965,657,559
Salaries & Benefits
50%
Other
37%
Fees to Service Providers
6%
Offices, Occupancy & IT
4%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$68,845,144
$101,838,872
+48%
Government Grants
$41,827,905
$28,754,585
-31%
Fundraising Events
$914,853
$1,552,126
+70%
Program Services
$4,052,453,302
$4,824,307,375
+19%
Membership Dues
$0
$0
-
Investments
$49,471,760
$46,250,091
-7%
Other
$282,352,703
$281,497,638
0%
Total Revenues
$4,495,865,667
$5,284,200,687
+18%
Expenses
2023
2024
Change
Grants
$2,876,575
$4,630,206
+61%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,296,370,504
$2,474,409,909
+8%
Fees to Service Providers
$192,036,401
$280,602,134
+46%
Advertising & Promotion
$9,430,051
$12,870,192
+36%
Offices, Occupancy & IT
$187,437,622
$198,005,531
+6%
Interest
$31,869,835
$32,181,028
+1%
Depreciation
$112,012,279
$102,024,809
-9%
Other
$1,487,431,480
$1,860,933,750
+25%
Total Expenses
$4,319,464,747
$4,965,657,559
+15%
Net income
2023
2024
Change
Net income
+$176,400,920
+$318,543,128
+81%
Functional Expenses
Summary
2023
2024
Change
Program
$3,639,018,795
$4,197,200,254
+15%
Admin
$671,513,504
$757,631,295
+13%
Fundraising
$8,932,448
$10,826,010
+21%
Total Expenses
$4,319,464,747
$4,965,657,559
+15%
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