MICHIGAN PRIMARY CARE ASSOCIATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$54,888,796
Government Grants
85%
Program Services
11%
Contributions
2%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$54,528,728
Other
83%
Salaries & Benefits
14%
Offices, Occupancy & IT
2%
Fees to Service Providers
<1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,107,846
$1,173,866
+6%
Government Grants
$42,515,873
$46,528,847
+9%
Fundraising Events
$0
$0
-
Program Services
$5,975,011
$6,107,758
+2%
Membership Dues
$0
$0
-
Investments
$407,403
$898,032
+120%
Other
$873,787
$180,293
-79%
Total Revenues
$50,879,920
$54,888,796
+8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,672,557
$7,664,802
+15%
Fees to Service Providers
$188,638
$156,013
-17%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,554,493
$1,279,237
-18%
Interest
$40,323
$28,258
-30%
Depreciation
$102,286
$88,563
-13%
Other
$41,119,499
$45,311,855
+10%
Total Expenses
$49,677,796
$54,528,728
+10%
Net income
2023
2024
Change
Net income
+$1,202,124
+$360,068
-70%
Functional Expenses
Summary
2023
2024
Change
Program
$47,252,356
$51,699,411
+9%
Admin
$2,402,476
$2,805,890
+17%
Fundraising
$22,964
$23,427
+2%
Total Expenses
$49,677,796
$54,528,728
+10%
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