FORSYTH MEMORIAL HOSPITAL INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,560,678,254
Program Services
>99%
Other
<1%
Government Grants
<1%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,566,534,081
Salaries & Benefits
44%
Other
40%
Fees to Service Providers
8%
Depreciation
4%
Offices, Occupancy & IT
3%
Interest
1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$187,351
$357,631
+91%
Government Grants
$402,575
$1,940,977
+382%
Fundraising Events
$0
$0
-
Program Services
$1,430,937,885
$1,547,493,100
+8%
Membership Dues
$0
$0
-
Investments
$747,909
$398,391
-47%
Other
$9,812,750
$10,488,155
+7%
Total Revenues
$1,442,088,470
$1,560,678,254
+8%
Expenses
2023
2024
Change
Grants
$3,479,419
$2,770,634
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$624,381,418
$686,659,204
+10%
Fees to Service Providers
$115,548,703
$121,138,894
+5%
Advertising & Promotion
$598,205
$244,313
-59%
Offices, Occupancy & IT
$46,460,030
$47,761,351
+3%
Interest
$18,139,574
$23,420,599
+29%
Depreciation
$32,648,855
$59,312,623
+82%
Other
$603,504,369
$625,226,463
+4%
Total Expenses
$1,444,760,573
$1,566,534,081
+8%
Net income
2023
2024
Change
Net income
-$2,672,103
-$5,855,827
-119%
Functional Expenses
Summary
2023
2024
Change
Program
$1,159,391,979
$1,283,674,772
+11%
Admin
$285,368,594
$282,859,309
-1%
Fundraising
$0
$0
-
Total Expenses
$1,444,760,573
$1,566,534,081
+8%
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