Lincoln National Corporation Voluntary Employee Bene Assoc Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 107,295,782 | 99,374,496 | 7,921,286 | 0.7 | 0% |
| 2012 | 109,854,289 | 107,794,741 | 2,059,548 | 1.9 | 0% |
| 2013 | 118,550,157 | 112,787,116 | 5,763,041 | 2.4 | 0% |
| 2014 | 117,473,965 | 111,384,762 | 6,089,203 | 3.5 | 0% |
| 2015 | 111,518,640 | 116,038,129 | −4,519,489 | 3.0 | 0% |
| 2016 | 115,165,271 | 116,193,209 | −1,027,938 | 2.9 | 0% |
| 2017 | 125,938,102 | 113,020,210 | 12,917,892 | 4.3 | 0% |
| 2018 | 120,457,995 | 134,429,700 | −13,971,705 | 2.4 | 0% |
| 2019 | 138,898,735 | 149,054,754 | −10,156,019 | 1.3 | 0% |
| 2020 | 148,744,326 | 141,314,610 | 7,429,716 | 2.0 | 0% |
| 2021 | 155,125,336 | 162,355,437 | −7,230,101 | 1.2 | 0% |
| 2022 | 164,544,403 | 176,257,462 | −11,713,059 | 0.2 | 0% |
| 2023 | 166,191,993 | 170,549,001 | −4,357,008 | -0.4 | 0% |
In its most recent public year (2023), this organization spent $4,357,008 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), down from 0.7 in 2011. Staff pay was 0% 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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