Health Net of West Michigan
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$4,917,994
Government Grants
55%
Program Services
23%
Contributions
20%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,340,672
Salaries & Benefits
76%
Other
12%
Offices, Occupancy & IT
8%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$703,161
$984,354
+40%
Government Grants
$2,045,584
$2,703,345
+32%
Fundraising Events
$0
$0
-
Program Services
$727,852
$1,141,333
+57%
Membership Dues
$0
$0
-
Investments
$24,951
$3,067
-88%
Other
$37,559
$85,895
+129%
Total Revenues
$3,539,107
$4,917,994
+39%
Expenses
2023
2024
Change
Grants
$5,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,204,942
$3,305,096
+3%
Fees to Service Providers
$209,298
$181,136
-13%
Advertising & Promotion
$0
$9,324
-
Offices, Occupancy & IT
$296,536
$338,441
+14%
Interest
$0
$0
-
Depreciation
$7,411
$5,176
-30%
Other
$369,315
$501,499
+36%
Total Expenses
$4,092,502
$4,340,672
+6%
Net income
2023
2024
Change
Net income
-$553,395
+$577,322
-204%
Functional Expenses
Summary
2023
2024
Change
Program
$3,190,850
$3,208,261
+1%
Admin
$789,664
$1,035,604
+31%
Fundraising
$111,988
$96,807
-14%
Total Expenses
$4,092,502
$4,340,672
+6%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)