MCV Associated Physicians
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2023
$632,316,187
Program Services
93%
Other
7%
Contributions
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2023
$731,700,018
Salaries & Benefits
72%
Other
24%
Grants
2%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2022
2023
Change
Contributions
$3,811,347
$2,990,159
-22%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$522,262,019
$585,483,106
+12%
Membership Dues
$0
$0
-
Investments
$483,896
$669,170
+38%
Other
$45,847,088
$43,173,752
-6%
Total Revenues
$572,404,350
$632,316,187
+10%
Expenses
2022
2023
Change
Grants
$13,426,657
$16,939,121
+26%
Benefits to Members
$0
$0
-
Salaries & Benefits
$500,948,567
$529,038,859
+6%
Fees to Service Providers
$1,191,040
$670,994
-44%
Advertising & Promotion
$49,505
$78,396
+58%
Offices, Occupancy & IT
$4,232,908
$5,030,353
+19%
Interest
$189,986
$0
-100%
Depreciation
$5,073,477
$4,077,164
-20%
Other
$171,618,710
$175,865,131
+2%
Total Expenses
$696,730,850
$731,700,018
+5%
Net income
2022
2023
Change
Net income
-$124,326,500
-$99,383,831
+20%
Functional Expenses
Summary
2022
2023
Change
Program
$670,104,250
$704,384,097
+5%
Admin
$26,626,600
$27,315,921
+3%
Fundraising
$0
$0
-
Total Expenses
$696,730,850
$731,700,018
+5%
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