Logan Health Care Center - Shelby
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 1,558,879 | 2,103,884 | −545,005 | -3.1 | 31% |
| 2023 | 1,804,722 | 3,723,849 | −1,919,127 | -7.1 | 19% |
In its most recent public year (2023), this organization spent $1,919,127 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.1 months), down from -3.1 in 2022. Staff pay was 19% 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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