Northern Indiana Workforce Board Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,267,487 | 4,255,253 | 12,234 | 1.0 | 66% |
| 2021 | 6,187,359 | 6,181,354 | 6,005 | 0.7 | 46% |
| 2022 | 6,919,031 | 7,083,596 | −164,565 | 0.4 | 45% |
| 2023 | 7,026,055 | 7,288,713 | −262,658 | 0.1 | 46% |
In its most recent public year (2023), this organization spent $262,658 more than it brought in. Its reserves stood at about 0.1 months of spending. Staff pay was 46% of spending. $32,247 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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