Lake Technical College Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 12,171,689 | 11,673,795 | 497,894 | 9.9 | 47% |
| 2021 | 18,253,168 | 17,652,913 | 600,255 | 7.2 | 33% |
| 2022 | 19,771,716 | 13,632,049 | 6,139,667 | 14.7 | 43% |
| 2023 | 14,791,873 | 14,658,635 | 133,238 | 13.5 | 45% |
In its most recent public year (2023), this organization brought in $133,238 more than it spent. Its reserves stood at about 13.5 months of spending, up from 9.9 in 2020. Staff pay was 45% of spending. $7,012,970 of its net assets are donor-restricted.
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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