Passavant Memorial Homes Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 277,286 | 106,214 | 171,072 | 13.2 | 0% |
| 2012 | 82,301 | 431,250 | −348,949 | -6.5 | 0% |
| 2013 | 2,119,032 | 1,522,234 | 596,798 | 2.9 | 0% |
| 2014 | 374,599 | 243,161 | 131,438 | 24.6 | 0% |
| 2015 | 257,220 | 244,639 | 12,581 | 25.1 | 0% |
| 2016 | 233,072 | 295,857 | −62,785 | 18.2 | 0% |
| 2017 | 151,181 | 254,545 | −103,364 | 19.6 | 0% |
| 2018 | 198,284 | 342,357 | −144,073 | 12.0 | 0% |
| 2019 | 176,631 | 379,890 | −203,259 | 1.8 | 21% |
| 2020 | 55,673 | 261,510 | −205,837 | -9.6 | 35% |
| 2021 | 7,213 | 262,033 | −254,820 | -18.5 | 38% |
| 2022 | 14,608 | 250,337 | −235,729 | -27.9 | 43% |
| 2023 | −17,589 | 212,578 | −230,167 | -45.8 | 42% |
In its most recent public year (2023), this organization spent $230,167 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-45.8 months), down from 13.2 in 2011. Staff pay was 42% 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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