ST MARY'S MEDICAL CENTER

ST MARY'S MEDICAL CENTER

Duluth, MN, US
501(c)3
EIN
41-0695604
Hospital
Regional Funder
Subordinate Organization

ST MARY'S MEDICAL CENTER

Duluth, MN, US
501(c)3
EIN
41-0695604
Hospital
Regional Funder
Subordinate Organization

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$563,778,154

Program Services
95%
Government Grants
2%
Investments
2%
Other
1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$609,876,952

Salaries & Benefits
44%
Other
34%
Offices, Occupancy & IT
13%
Fees to Service Providers
4%
Depreciation
4%
Grants
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$17,189
$12,017
-30%
Government Grants
$1,076,377
$11,997,270
+1015%
Fundraising Events
$0
$0
-
Program Services
$490,964,176
$536,906,803
+9%
Membership Dues
$0
$0
-
Investments
$8,044,311
$8,483,749
+5%
Other
$6,316,738
$6,378,315
+1%
Total Revenues
$506,418,791
$563,778,154
+11%
Expenses
2023
2024
Change
Grants
$3,276,338
$3,298,547
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$243,815,142
$270,422,096
+11%
Fees to Service Providers
$21,570,125
$24,955,292
+16%
Advertising & Promotion
$70,040
$10,190
-85%
Offices, Occupancy & IT
$32,550,025
$81,062,774
+149%
Interest
$5,139
$10,687
+108%
Depreciation
$16,492,812
$21,429,713
+30%
Other
$193,006,711
$208,687,653
+8%
Total Expenses
$510,786,332
$609,876,952
+19%
Net income
2023
2024
Change
Net income
-$4,367,541
-$46,098,798
-955%
Functional Expenses
Summary
2023
2024
Change
Program
$432,546,770
$512,539,330
+18%
Admin
$78,239,562
$97,337,622
+24%
Fundraising
$0
$0
-
Total Expenses
$510,786,332
$609,876,952
+19%
Income Statement
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