Minnesota Government Finance Officers Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 46,757 | 36,466 | 10,291 | 27.1 | — |
| 2021 | 114,091 | 93,893 | 20,198 | 13.1 | — |
| 2022 | 140,866 | 153,743 | −12,877 | 7.0 | — |
| 2023 | 180,342 | 148,302 | 32,040 | 9.9 | — |
In its most recent public year (2023), this organization brought in $32,040 more than it spent. Its reserves stood at about 9.9 months of spending, down from 27.1 in 2020.
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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