Detroit Retired City Employees Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 79,193 | 64,816 | 14,377 | 38.6 | — |
| 2012 | 84,529 | 63,037 | 21,492 | 43.8 | — |
| 2013 | 182,898 | 126,755 | 56,143 | 27.1 | — |
| 2014 | 160,690 | 391,430 | −230,740 | 1.7 | — |
| 2015 | 132,634 | 133,493 | −859 | 4.9 | — |
| 2016 | 130,847 | 158,462 | −27,615 | 2.1 | — |
| 2017 | 117,525 | 117,309 | 216 | 2.8 | — |
| 2018 | 101,364 | 112,572 | −11,208 | 1.7 | — |
| 2019 | 75,346 | 85,825 | −10,479 | 0.8 | — |
| 2020 | 67,856 | 53,718 | 14,138 | 4.4 | — |
| 2021 | 73,085 | 44,108 | 28,977 | 13.3 | — |
| 2022 | 69,428 | 28,751 | 40,677 | 37.3 | — |
| 2023 | 71,171 | 79,521 | −8,350 | 12.2 | — |
In its most recent public year (2023), this organization spent $8,350 more than it brought in. Its reserves stood at about 12.2 months of spending, down from 38.6 in 2011.
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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