Galvan Asset Management Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 494,277 | 540,044 | −45,767 | -2.7 | 0% |
| 2012 | 285,901 | 454,379 | −168,478 | -7.7 | 0% |
| 2013 | 329,097 | 481,670 | −152,573 | -11.1 | 0% |
| 2014 | 371,835 | 488,676 | −116,841 | -13.8 | 0% |
| 2015 | 478,200 | 527,788 | −49,588 | 10.6 | 8% |
| 2016 | −33,312 | 146,505 | −179,817 | 24.2 | 2% |
| 2017 | 816,423 | 974,035 | −157,612 | 1.7 | 3% |
| 2018 | 818,725 | 966,041 | −147,316 | -0.1 | 7% |
| 2019 | 702,579 | 1,036,949 | −334,370 | -4.0 | -6% |
| 2020 | 1,210,931 | 1,156,820 | 54,111 | -3.0 | 0% |
| 2021 | 1,092,075 | 1,274,531 | −182,456 | -9.2 | 10% |
| 2022 | 1,035,795 | 1,111,553 | −75,758 | -11.4 | 10% |
| 2023 | 1,119,160 | 1,377,251 | −258,091 | -10.5 | 8% |
In its most recent public year (2023), this organization spent $258,091 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.5 months), down from -2.7 in 2011. Staff pay was 8% 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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