Turner Retirement Homes Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,669,390 | 2,166,755 | −497,365 | 28.9 | 39% |
| 2020 | 1,682,114 | 2,215,598 | −533,484 | 23.6 | 42% |
| 2021 | 2,116,165 | 1,916,497 | 199,668 | 28.5 | 44% |
| 2022 | 1,919,089 | 2,113,374 | −194,285 | 24.6 | 44% |
| 2023 | 1,379,524 | 1,599,314 | −219,790 | 31.1 | 30% |
In its most recent public year (2023), this organization spent $219,790 more than it brought in. Its reserves stood at about 31.1 months of spending, up from 28.9 in 2019. Staff pay was 30% of spending. $110,877 of its net assets are donor-restricted.
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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