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If they are non-profit, they do not make billions in profits. I suspect you mean revenue :) Exec compensation is another thing, but also not a concern I am sup

If they are non-profit, they do not make billions in profits. I suspect you mean revenue :) Exec compensation is another thing, but also not a concern I am super sympathetic to given that for profit companies of similar magnitude generally pay their execs way more they just are not required to report it.

username332211 3y ago
> If they are non-profit, they do not make billions in profits. I suspect you mean revenue :) Uhm, profit is a fact of accounting. Any increase in equity (or "net assets", or whatever other euphemism the accountant decides to use) on a balance sheet is profit. Revenue is something completely different.
- whimsicalism 3y ago
  Change in net asset is calculated the same as net profit, but is not the same in an accounting sense. Constitutive to profit is a return to private stakeholders, holding assets in reserve or re-investing in capital is not the same.
  - username332211 3y ago
    What's in a name? That which we call a rose By any other name would smell as sweet
    - whimsicalism 3y ago
      Reinvesting in providing further care or lowering costs would smell as sweet as giving it to wealthy individuals? Should get your nose checked, sounds like you have covid or something.
- lotsofpulp 3y ago
  This is incorrect. Any increase in equity is not profit, and profit is not shown on the balance sheet. Profit is revenue minus expenses, also known as net income, and is shown on the income statement: https://www.investopedia.com/ask/answers/101314/what-difference-between-income-statement-and-balance-sheet.asp https://www.investopedia.com/ask/answers/101314/what-differe...
dragonwriter 3y ago
> If they are non-profit, they do not make billions in profits Wrong. Non-profits are not called that because they don't make profits, they are called that because they don’t return (even as a future claim) profits to private stakeholders.
- deleted 3y ago
  [deleted]
- whimsicalism 3y ago
  show me a single accounting statement with a non-profit listing their 'profits'
  - s1artibartfast 3y ago
    Take one of the largest teaching hospitals in the world, Cleveland clinic is a non-profit. The Cleavland clinic 2022 annual revenue was >15 Billion and expenses were ~12 billion [0]. They have amassed an endowment fund assets such as stock, which is currently >15 Billion and growing[1]. The exact assets are confidential, but this is a snapshot from 2017, when there it was closer to 10 billion under management [2] https://my.clevelandclinic.org/-/scassets/files/org/about/financial-statements/2022-form-990-group.pdf?la=en https://my.clevelandclinic.org/-/scassets/files/org/about/fi... https://my.clevelandclinic.org/-/scassets/files/org/about/financial-statements/3q-2023-interim-unaudited-fs-mda.pdf?la=en https://my.clevelandclinic.org/-/scassets/files/org/about/fi... https://my.clevelandclinic.org/-/scassets/files/org/giving/annual-reports/2018-investment-report-cleveland-clinic.pdf https://my.clevelandclinic.org/-/scassets/files/org/giving/a...

username332211 3y ago

> If they are non-profit, they do not make billions in profits. I suspect you mean revenue :) Uhm, profit is a fact of accounting. Any increase in equity (or "net assets", or whatever other euphemism the accountant decides to use) on a balance sheet is profit. Revenue is something completely different.

whimsicalism 3y ago
Change in net asset is calculated the same as net profit, but is not the same in an accounting sense. Constitutive to profit is a return to private stakeholders, holding assets in reserve or re-investing in capital is not the same.
- username332211 3y ago
  What's in a name? That which we call a rose By any other name would smell as sweet
  - whimsicalism 3y ago
    Reinvesting in providing further care or lowering costs would smell as sweet as giving it to wealthy individuals? Should get your nose checked, sounds like you have covid or something.
lotsofpulp 3y ago
This is incorrect. Any increase in equity is not profit, and profit is not shown on the balance sheet. Profit is revenue minus expenses, also known as net income, and is shown on the income statement: https://www.investopedia.com/ask/answers/101314/what-difference-between-income-statement-and-balance-sheet.asp https://www.investopedia.com/ask/answers/101314/what-differe...

dragonwriter 3y ago

> If they are non-profit, they do not make billions in profits Wrong. Non-profits are not called that because they don't make profits, they are called that because they don’t return (even as a future claim) profits to private stakeholders.

deleted 3y ago
[deleted]
whimsicalism 3y ago
show me a single accounting statement with a non-profit listing their 'profits'
- s1artibartfast 3y ago
  Take one of the largest teaching hospitals in the world, Cleveland clinic is a non-profit. The Cleavland clinic 2022 annual revenue was >15 Billion and expenses were ~12 billion [0]. They have amassed an endowment fund assets such as stock, which is currently >15 Billion and growing[1]. The exact assets are confidential, but this is a snapshot from 2017, when there it was closer to 10 billion under management [2] https://my.clevelandclinic.org/-/scassets/files/org/about/financial-statements/2022-form-990-group.pdf?la=en https://my.clevelandclinic.org/-/scassets/files/org/about/fi... https://my.clevelandclinic.org/-/scassets/files/org/about/financial-statements/3q-2023-interim-unaudited-fs-mda.pdf?la=en https://my.clevelandclinic.org/-/scassets/files/org/about/fi... https://my.clevelandclinic.org/-/scassets/files/org/giving/annual-reports/2018-investment-report-cleveland-clinic.pdf https://my.clevelandclinic.org/-/scassets/files/org/giving/a...