SMDC MEDICAL CENTER

SMDC MEDICAL CENTER

Duluth, MN, US
501(c)3
EIN
41-1878730
Hospital
Regional Funder

SMDC MEDICAL CENTER

Duluth, MN, US
501(c)3
EIN
41-1878730
Hospital
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$796,444,043

Program Services
97%
Other
3%
Government Grants
<1%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$769,749,778

Salaries & Benefits
53%
Other
22%
Offices, Occupancy & IT
9%
Fees to Service Providers
6%
Depreciation
6%
Interest
4%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$775,546
$1,019,842
+31%
Government Grants
$8,655,861
$4,355,572
-50%
Fundraising Events
$0
$0
-
Program Services
$684,912,160
$769,931,551
+12%
Membership Dues
$0
$0
-
Investments
$1,124,268
$154,352
-86%
Other
$6,285,678
$20,982,726
+234%
Total Revenues
$701,753,513
$796,444,043
+13%
Expenses
2023
2024
Change
Grants
$892,633
$2,915,614
+227%
Benefits to Members
$0
$0
-
Salaries & Benefits
$393,902,888
$405,032,330
+3%
Fees to Service Providers
$54,194,903
$48,164,057
-11%
Advertising & Promotion
$431,530
$336,047
-22%
Offices, Occupancy & IT
$66,335,920
$66,668,316
+1%
Interest
-$7,186
$28,175,824
-392193%
Depreciation
$21,805,330
$47,788,244
+119%
Other
$174,294,686
$170,669,346
-2%
Total Expenses
$711,850,704
$769,749,778
+8%
Net income
2023
2024
Change
Net income
-$10,097,191
+$26,694,265
-364%
Functional Expenses
Summary
2023
2024
Change
Program
$664,069,673
$730,581,013
+10%
Admin
$47,781,031
$39,168,765
-18%
Fundraising
$0
$0
-
Total Expenses
$711,850,704
$769,749,778
+8%
Income Statement
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