Shore Health System Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$306,065,837
Program Services
97%
Other
2%
Investments
1%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$291,165,524
Salaries & Benefits
39%
Fees to Service Providers
30%
Other
20%
Depreciation
6%
Offices, Occupancy & IT
2%
Interest
2%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$1,631,394
$500,000
-69%
Fundraising Events
$0
$0
-
Program Services
$295,886,159
$296,933,146
+0%
Membership Dues
$0
$0
-
Investments
$3,812,108
$3,520,807
-8%
Other
-$2,435,395
$5,111,884
-310%
Total Revenues
$298,894,266
$306,065,837
+2%
Expenses
2023
2024
Change
Grants
$550,000
$550,000
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$106,448,817
$114,885,642
+8%
Fees to Service Providers
$88,351,525
$88,441,592
+0%
Advertising & Promotion
$0
$13,353
-
Offices, Occupancy & IT
$7,989,319
$7,055,044
-12%
Interest
$5,098,388
$4,983,000
-2%
Depreciation
$18,798,479
$17,477,238
-7%
Other
$51,624,614
$57,759,655
+12%
Total Expenses
$278,861,142
$291,165,524
+4%
Net income
2023
2024
Change
Net income
+$20,033,124
+$14,900,313
-26%
Functional Expenses
Summary
2023
2024
Change
Program
$203,040,221
$233,542,855
+15%
Admin
$75,820,921
$57,622,669
-24%
Fundraising
$0
$0
-
Total Expenses
$278,861,142
$291,165,524
+4%
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