First Founders Assurance Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 542,997 | 313,966 | 229,031 | 117.6 | 7% |
| 2012 | 591,149 | 351,939 | 239,210 | 116.3 | 6% |
| 2013 | 592,481 | 330,077 | 262,404 | 133.8 | 6% |
| 2014 | 569,379 | 340,176 | 229,203 | 138.7 | 6% |
| 2015 | 559,904 | 389,020 | 170,884 | 125.9 | 5% |
| 2016 | 562,219 | 303,526 | 258,693 | 175.1 | 7% |
| 2017 | 563,291 | 333,910 | 229,381 | 166.8 | 6% |
| 2018 | 586,860 | 317,380 | 269,480 | 184.1 | 6% |
| 2019 | 558,335 | 293,797 | 264,538 | 215.0 | 6% |
| 2020 | 534,051 | 374,154 | 159,897 | 172.1 | 5% |
| 2021 | 536,473 | 315,196 | 221,277 | 214.1 | 4% |
| 2022 | 584,351 | 315,875 | 268,476 | 223.2 | 5% |
| 2023 | 562,255 | 292,635 | 269,620 | 252.2 | 6% |
In its most recent public year (2023), this organization brought in $269,620 more than it spent. Its reserves stood at about 252.2 months of spending, up from 117.6 in 2011. Staff pay was 6% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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