Morristown Area Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 75,932 | 78,925 | −2,993 | -16.4 | — |
| 2012 | 84,198 | 79,781 | 4,417 | -15.6 | — |
| 2013 | 111,865 | 84,971 | 26,894 | -10.8 | — |
| 2014 | 90,643 | 91,432 | −789 | -10.2 | — |
| 2015 | 92,825 | 87,373 | 5,452 | -9.9 | — |
| 2016 | 91,929 | 84,002 | 7,927 | -9.2 | — |
| 2017 | 95,015 | 90,368 | 4,647 | -7.9 | — |
| 2018 | 97,869 | 90,034 | 7,835 | -6.9 | — |
| 2019 | 100,205 | 95,076 | 5,129 | -5.9 | — |
| 2020 | 101,725 | 97,091 | 4,634 | -5.2 | — |
| 2021 | 113,815 | 99,010 | 14,805 | -3.3 | — |
| 2022 | 101,645 | 110,239 | −8,594 | -3.9 | — |
| 2023 | 112,933 | 102,548 | 10,385 | -3.0 | — |
In its most recent public year (2023), this organization brought in $10,385 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3 months), up from -16.4 in 2011.
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
Morristown Area Development Corporation'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