answer:Here is their 2011–2012 financial plan (opens pdf) and an FAQ. “The 2010–11 plan called for us to increase revenue 28% from 2009- 10, to $20.4 million, and to increase spending 124% from 2009–10, to $20.4 million. The reserve was planned to stay flat at $13 million. In fact, we significantly over-achieved from a revenue perspective, and we also underspent, resulting in a larger reserve than planned. We’re projecting today that 2010–11 revenue will have increased 49% from 2009–10 actuals, to $23.8 million. Spending is projected to have increased 103% from 2009–10 actuals, to $18.5 million. This means we added $5.3 million to the reserve, for a projected end-of-year total of $19.5 million which represents 8.3 months of reserves at the 2011- 12 spending level.”