Solvang Lutheran Home Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,580,147 | 8,333,333 | 246,814 | 13.1 | 51% |
| 2012 | 9,269,972 | 8,764,096 | 505,876 | 13.2 | 51% |
| 2013 | 10,161,627 | 9,264,842 | 896,785 | 13.6 | 51% |
| 2014 | 14,362,079 | 9,654,077 | 4,708,002 | 19.2 | 53% |
| 2015 | 11,621,856 | 10,747,021 | 874,835 | 18.5 | 51% |
| 2016 | 12,457,847 | 12,389,138 | 68,709 | 16.1 | 49% |
| 2017 | 13,364,139 | 12,888,491 | 475,648 | 15.9 | 49% |
| 2018 | 13,770,608 | 13,141,192 | 629,416 | 15.8 | 50% |
| 2019 | 14,479,110 | 13,105,471 | 1,373,639 | 17.3 | 51% |
| 2020 | 13,916,631 | 13,453,127 | 463,504 | 17.2 | 52% |
| 2021 | 14,433,691 | 13,913,392 | 520,299 | 17.0 | 49% |
| 2022 | 14,316,606 | 15,073,090 | −756,484 | 15.0 | 51% |
| 2023 | 16,580,009 | 15,414,095 | 1,165,914 | 18.1 | 50% |
In its most recent public year (2023), this organization brought in $1,165,914 more than it spent. Its reserves stood at about 18.1 months of spending, up from 13.1 in 2011. Staff pay was 50% of spending. $222,614 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works