Charity Search / WA FOOTE MEMORIAL HOSPITAL
Health Care (E220) 990 on File

WA FOOTE MEMORIAL HOSPITAL

EIN: 38-2027689 · DETROIT, MI 48202-3450 · United States · FY 2024 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 77/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$907.6M
Total Revenue
$821.2M
Total Expenses
$630.5M
Net Assets
4462
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 89.3%
Fundraising Efficiency 213.9%
Operating Reserve 9.21x
Liability-to-Asset 33.3%
Revenue Diversification 91.5%
Executive Compensation $4.3M
Compared with Peers
FY 2024
Compared with 938 similar organizations (United States, Health Care, $100M and over in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
89.3% 87.7%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.7% 12.3%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
213.9% 565.8%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
9.2 mo 6.1 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
33.3% 44.5%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
91.5% 96.4%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
9.6% 9.1%
P10P90
Expense growth
Year over year expense growth
4.7% 7.8%
P10P90
Surplus margin
Surplus as a share of revenue
9.5% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $907.6M $821.2M $630.5M 89.3% 4462
2023 $828.1M $784.1M $496.6M 92.7% 4574
2022 $794.1M $764.6M $428.8M 92.8% 4827
2021 $777.6M $748.7M N/A — 4984
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Organization Details
EIN
38-2027689
State
MI
City
DETROIT
ZIP
48202-3450
Classification
E220
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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