Lockwood Volunteer Fire Co Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 84,977 | 76,725 | 8,252 | 42.2 | — |
| 2021 | 56,155 | 85,895 | −29,740 | 33.6 | — |
| 2022 | 80,934 | 68,082 | 12,852 | 44.6 | — |
| 2023 | 67,858 | 93,422 | −25,564 | 29.2 | — |
In its most recent public year (2023), this organization spent $25,564 more than it brought in. Its reserves stood at about 29.2 months of spending, down from 42.2 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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