Maritime Academy Of Toledo Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,572,972 | 2,338,359 | 234,613 | 1.9 | 44% |
| 2012 | 2,055,846 | 2,063,793 | −7,947 | 2.1 | 45% |
| 2013 | 2,383,351 | 2,130,748 | 252,603 | 3.4 | 42% |
| 2014 | 2,656,436 | 2,404,414 | 252,022 | 4.3 | 44% |
| 2015 | 3,043,433 | 2,627,582 | 415,851 | -5.6 | 46% |
| 2016 | 2,770,678 | 2,812,439 | −41,761 | -5.4 | 45% |
| 2017 | 3,226,832 | 3,361,159 | −134,327 | -5.0 | 44% |
| 2018 | 3,113,225 | 2,410,404 | 702,821 | -7.3 | 35% |
| 2019 | 3,351,618 | 3,286,936 | 64,682 | -5.1 | 60% |
| 2020 | 3,227,935 | 3,788,608 | −560,673 | -6.2 | 66% |
| 2021 | 3,804,917 | 3,500,030 | 304,887 | -5.7 | 63% |
| 2022 | 4,097,597 | 4,239,611 | −142,014 | -5.1 | 55% |
| 2023 | 4,356,919 | 4,277,014 | 79,905 | -4.8 | 64% |
In its most recent public year (2023), this organization brought in $79,905 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-4.8 months), down from 1.9 in 2011. Staff pay was 64% of spending. $641,724 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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