Tugboat Preservation Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 100 | 0 | 100 | — | — |
| 2020 | 1,000 | 11,106 | −10,106 | -10.8 | — |
| 2021 | 600 | 24,184 | −23,584 | -16.7 | — |
| 2022 | 20,000 | 2,707 | 17,293 | -72.2 | — |
| 2023 | 0 | 3,381 | −3,381 | -69.8 | — |
In its most recent public year (2023), this organization spent $3,381 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-69.8 months).
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
Tugboat Preservation Project's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works