Seaboard Medical Association Of Virginia And North Carolina
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,241 | 20,608 | −18,367 | 61.8 | — |
| 2021 | 17,543 | 19,726 | −2,183 | 63.3 | — |
| 2022 | −2,147 | 19,642 | −21,789 | 50.2 | — |
| 2023 | 10,968 | 19,835 | −8,867 | 44.4 | — |
In its most recent public year (2023), this organization spent $8,867 more than it brought in. Its reserves stood at about 44.4 months of spending, down from 61.8 in 2020.
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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