Twin Tiers Economic Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 0 | 1,963 | −1,963 | 1194.3 | — |
| 2012 | 0 | 461 | −461 | 5073.6 | — |
| 2013 | −199,537 | 590 | −200,127 | -106.1 | — |
| 2016 | 85,649 | 73,650 | 11,999 | -0.5 | 0% |
| 2017 | 85,649 | 71,859 | 13,790 | 1.8 | 0% |
| 2018 | 85,649 | 75,468 | 10,181 | 3.4 | 0% |
| 2019 | 85,649 | 68,728 | 16,921 | 6.6 | 0% |
| 2020 | −944,298 | 67,048 | −1,011,346 | -174.2 | 0% |
| 2021 | 103,000 | 65,179 | 37,821 | -172.2 | 0% |
| 2022 | 103,000 | 63,182 | 39,818 | -170.1 | 0% |
| 2023 | 103,000 | 61,125 | 41,875 | -167.6 | 0% |
In its most recent public year (2023), this organization brought in $41,875 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-167.6 months), down from 1194.3 in 2011. Staff pay was 0% of spending.
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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