Endowment Fund Of The Solvang Lutheran Home
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 187,392 | 94,452 | 92,940 | 514.9 | 0% |
| 2012 | 453,207 | 74,975 | 378,232 | 709.2 | 0% |
| 2013 | 512,807 | 99,162 | 413,645 | 586.3 | 0% |
| 2014 | 2,205,834 | 93,948 | 2,111,886 | 888.6 | 0% |
| 2015 | −34,480 | 113,956 | −148,436 | 716.9 | 0% |
| 2016 | 491,639 | 143,467 | 348,172 | 598.6 | 0% |
| 2017 | 343,186 | 179,861 | 163,325 | 527.2 | 0% |
| 2018 | 293,289 | 191,998 | 101,291 | 465.9 | 0% |
| 2019 | 1,340,506 | 207,971 | 1,132,535 | 495.7 | 0% |
| 2020 | 1,096,293 | 182,571 | 913,722 | 624.5 | 0% |
| 2021 | 901,581 | 169,513 | 732,068 | 724.4 | 0% |
| 2022 | −1,385,646 | 224,137 | −1,609,783 | 461.7 | 0% |
| 2023 | 18,474 | 166,767 | −148,293 | 698.3 | 0% |
In its most recent public year (2023), this organization spent $148,293 more than it brought in. Its reserves stood at about 698.3 months of spending, up from 514.9 in 2011. 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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