Employer-Contribution Veba Trust For Shenandoah University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 178,295 | 102,093 | 76,202 | 183.4 | 0% |
| 2021 | 135,033 | 124,750 | 10,283 | 153.0 | 0% |
| 2022 | 72,706 | 97,648 | −24,942 | 155.9 | 0% |
| 2023 | 29,295 | 98,797 | −69,502 | 162.5 | 0% |
In its most recent public year (2023), this organization spent $69,502 more than it brought in. Its reserves stood at about 162.5 months of spending, down from 183.4 in 2020. 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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