Lake Superior Life-Care Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 288,543 | 275,649 | 12,894 | 1.3 | 35% |
| 2012 | 270,708 | 221,337 | 49,371 | 4.3 | 40% |
| 2013 | 139,274 | 187,255 | −47,981 | 2.0 | 52% |
| 2014 | 137,546 | 153,658 | −16,112 | 1.2 | 54% |
| 2015 | 170,211 | 151,751 | 18,460 | 2.7 | 48% |
| 2016 | 119,516 | 143,234 | −23,718 | 0.9 | 54% |
| 2017 | 177,033 | 83,522 | 93,511 | 14.9 | 51% |
| 2018 | 154,831 | 111,743 | 43,088 | 15.8 | 40% |
| 2019 | 156,235 | 105,613 | 50,622 | 22.4 | 52% |
| 2020 | 132,586 | 93,077 | 39,509 | 30.6 | 52% |
| 2021 | 191,889 | 110,448 | 81,441 | 34.6 | 58% |
| 2022 | 184,718 | 124,661 | 60,057 | 36.4 | 53% |
| 2023 | 174,488 | 146,525 | 27,963 | 33.3 | 53% |
In its most recent public year (2023), this organization brought in $27,963 more than it spent. Its reserves stood at about 33.3 months of spending, up from 1.3 in 2011. Staff pay was 53% 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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