Lutherans Inc For Elderly
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 608,068 | 596,240 | 11,828 | -9.9 | 0% |
| 2020 | 634,208 | 544,650 | 89,558 | -8.7 | 0% |
| 2021 | 725,995 | 805,798 | −79,803 | -7.1 | 0% |
| 2022 | 652,586 | 686,666 | −34,080 | -8.9 | 0% |
| 2023 | 730,932 | 771,228 | −40,296 | -8.5 | 0% |
In its most recent public year (2023), this organization spent $40,296 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.5 months), up from -9.9 in 2019. 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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