Monadnock Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,609,637 | 2,877,233 | 732,404 | 12.3 | 13% |
| 2012 | 2,732,869 | 2,208,193 | 524,676 | 18.9 | 20% |
| 2013 | 6,460,508 | 2,505,344 | 3,955,164 | 35.6 | 18% |
| 2014 | 1,941,422 | 3,564,040 | −1,622,618 | 19.5 | 13% |
| 2015 | 2,965,883 | 5,294,783 | −2,328,900 | 7.9 | 5% |
| 2016 | 2,398,707 | 5,632,840 | −3,234,133 | 0.5 | 4% |
| 2017 | 3,733,476 | 2,236,558 | 1,496,918 | 9.3 | 9% |
| 2018 | 3,787,749 | 2,635,291 | 1,152,458 | 13.1 | 8% |
| 2019 | 2,760,918 | 3,238,758 | −477,840 | 8.9 | 8% |
| 2020 | 1,834,195 | 3,659,521 | −1,825,326 | -3.1 | 8% |
| 2021 | 2,525,403 | 3,078,706 | −553,303 | -5.8 | 4% |
| 2022 | 1,917,108 | 2,408,740 | −491,632 | -9.9 | 2% |
| 2023 | 1,706,004 | 2,209,306 | −503,302 | -13.5 | 0% |
In its most recent public year (2023), this organization spent $503,302 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-13.5 months), down from 12.3 in 2011. Staff pay was 0% of spending. $1,085,173 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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