Westlake Lake Management Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,147,296 | 1,062,634 | 1,084,662 | 39.7 | 20% |
| 2012 | 2,199,981 | 1,084,062 | 1,115,919 | 51.2 | 20% |
| 2013 | 2,228,066 | 1,658,355 | 569,711 | 37.6 | 14% |
| 2014 | 2,276,638 | 2,017,497 | 259,141 | 32.5 | 13% |
| 2015 | 2,653,002 | 2,341,991 | 311,011 | 29.6 | 12% |
| 2016 | 2,556,993 | 1,734,287 | 822,706 | 45.6 | 16% |
| 2017 | 2,384,943 | 1,585,833 | 799,110 | 55.9 | 21% |
| 2018 | 2,443,491 | 1,487,018 | 956,473 | 67.4 | 25% |
| 2019 | 2,452,362 | 1,879,275 | 573,087 | 57.0 | 20% |
| 2020 | 2,445,009 | 1,841,974 | 603,035 | 62.0 | 27% |
| 2021 | 2,299,409 | 2,217,130 | 82,279 | 52.0 | 19% |
| 2022 | 2,639,375 | 2,328,338 | 311,037 | 50.7 | 6% |
| 2023 | 3,277,890 | 2,686,873 | 591,017 | 46.9 | 19% |
In its most recent public year (2023), this organization brought in $591,017 more than it spent. Its reserves stood at about 46.9 months of spending, up from 39.7 in 2011. Staff pay was 19% of spending. $10,424,785 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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