Minnesota Retired State Employees Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 64,482 | 110,004 | −45,522 | 6.5 | — |
| 2012 | 87,701 | 92,169 | −4,468 | 7.2 | — |
| 2013 | 123,801 | 98,299 | 25,502 | 9.9 | — |
| 2014 | 29,334 | 80,771 | −51,437 | 4.4 | — |
| 2015 | 68,981 | 90,105 | −21,124 | 1.1 | — |
| 2016 | 83,870 | 87,266 | −3,396 | 0.7 | — |
| 2017 | 74,957 | 77,298 | −2,341 | 0.4 | — |
| 2018 | 81,519 | 82,281 | −762 | 0.3 | — |
| 2019 | 56,361 | 55,326 | 1,035 | -3.1 | — |
In its most recent public year (2019), this organization brought in $1,035 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-3.1 months), down from 6.5 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 2019. 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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