Operating record

Southern Mutual Financial Services Inc

New Iberia, LA · EIN 72-1462016 · files the short form (990-EZ), so reduced detail · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$94,822$140,078−$45,25656.023%
2021$39,828$140,150−$100,32247.423%
2022−$2,318$127,725−$130,04339.8
2023$36,051$100,455−$64,40442.8

In its most recent public year (2023), this organization spent $64,404 more than it brought in. Its reserves stood at about 42.8 months of spending, down from 56 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 ↗