Ltc Reinsurance Pcc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 114,204,209 | 199,322,701 | −85,118,492 | 1.4 | 0% |
| 2021 | 98,451,933 | 61,711,715 | 36,740,218 | 4.2 | 0% |
| 2022 | 119,635,011 | −155,891,843 | 275,526,854 | -1.4 | 0% |
| 2023 | 71,368,803 | 162,207,000 | −90,838,197 | 1.3 | 0% |
In its most recent public year (2023), this organization spent $90,838,197 more than it brought in. Its reserves stood at about 1.3 months of spending. 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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