Maryland Goverment Finance Officers Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 178,135 | 167,340 | 10,795 | 10.8 | — |
| 2012 | 211,938 | 217,130 | −5,192 | 8.0 | 0% |
| 2013 | 232,458 | 290,966 | −58,508 | 3.4 | 0% |
| 2014 | 260,177 | 273,135 | −12,958 | 3.1 | 0% |
| 2015 | 262,631 | 285,753 | −23,122 | 2.0 | 0% |
| 2016 | 296,342 | 299,434 | −3,092 | 1.9 | 0% |
| 2017 | 305,803 | 258,114 | 47,689 | 4.3 | 0% |
| 2018 | 315,324 | 288,902 | 26,422 | 4.9 | 0% |
| 2019 | 308,528 | 268,635 | 39,893 | 7.1 | 0% |
| 2020 | 173,990 | 176,787 | −2,797 | 10.8 | — |
| 2021 | 146,533 | 90,129 | 56,404 | 27.2 | — |
| 2022 | 259,463 | 267,198 | −7,735 | 8.8 | 0% |
| 2023 | 286,235 | 367,140 | −80,905 | 3.4 | 0% |
In its most recent public year (2023), this organization spent $80,905 more than it brought in. Its reserves stood at about 3.4 months of spending, down from 10.8 in 2011. Staff pay was 0% of spending. $2,548 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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