Solheim Lutheran Home
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 11,404,556 | 10,851,341 | 553,215 | 4.7 | 50% |
| 2011 | 11,299,773 | 11,044,769 | 255,004 | 4.9 | 50% |
| 2012 | 12,240,062 | 11,446,063 | 793,999 | 5.6 | 48% |
| 2013 | 12,898,547 | 10,931,648 | 1,966,899 | 8.4 | 46% |
| 2014 | 12,335,754 | 11,109,515 | 1,226,239 | 9.6 | 47% |
| 2015 | 12,080,916 | 11,246,444 | 834,472 | 10.1 | 46% |
| 2016 | 12,705,162 | 11,960,058 | 745,104 | 10.6 | 46% |
| 2017 | 12,769,242 | 12,713,448 | 55,794 | 10.5 | 46% |
| 2018 | 14,485,660 | 13,060,848 | 1,424,812 | 10.9 | 49% |
| 2019 | 14,931,581 | 13,513,791 | 1,417,790 | 12.7 | 50% |
| 2020 | 15,038,784 | 14,608,599 | 430,185 | 11.3 | 50% |
| 2021 | 14,981,250 | 14,472,481 | 508,769 | 12.5 | 46% |
| 2022 | 15,161,959 | 16,387,833 | −1,225,874 | 9.2 | 41% |
| 2023 | 17,773,203 | 17,545,848 | 227,355 | 9.3 | 41% |
In its most recent public year (2023), this organization brought in $227,355 more than it spent. Its reserves stood at about 9.3 months of spending, up from 4.7 in 2010. Staff pay was 41% of spending. $46,800 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
Solheim Lutheran Home's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works