Southern Aroostook Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 70,113 | 83,319 | −13,206 | 0.7 | — |
| 2021 | 125,342 | 83,686 | 41,656 | 6.7 | — |
| 2022 | 172,773 | 95,303 | 77,470 | 15.6 | — |
| 2023 | 106,527 | 152,785 | −46,258 | 6.1 | — |
In its most recent public year (2023), this organization spent $46,258 more than it brought in. Its reserves stood at about 6.1 months of spending, up from 0.7 in 2020.
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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