Michigan Creditors Bar Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 50,925 | 45,524 | 5,401 | 8.4 | — |
| 2021 | 35,350 | 45,459 | −10,109 | 5.8 | — |
| 2022 | 54,736 | 46,574 | 8,162 | 7.8 | — |
| 2023 | 86,548 | 112,579 | −26,031 | 0.4 | — |
In its most recent public year (2023), this organization spent $26,031 more than it brought in. Its reserves stood at about 0.4 months of spending, down from 8.4 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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