Morgan County Improvement Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 378,164 | 192,403 | 185,761 | 135.5 | 21% |
| 2015 | 367,927 | 268,622 | 99,305 | 101.5 | 17% |
| 2016 | 379,375 | 258,000 | 121,375 | 111.3 | 16% |
| 2017 | 719,180 | 730,442 | −11,262 | 39.1 | 6% |
| 2018 | 361,840 | 235,688 | 126,152 | 127.7 | 18% |
| 2019 | 465,164 | 235,254 | 229,910 | 139.7 | 18% |
| 2020 | 210,727 | 297,014 | −86,287 | 107.2 | 14% |
| 2021 | 520,282 | 215,591 | 304,691 | 164.6 | 10% |
| 2022 | 360,014 | 154,843 | 205,171 | 245.1 | 2% |
| 2023 | 634,170 | 410,939 | 223,231 | 98.9 | 0% |
In its most recent public year (2023), this organization brought in $223,231 more than it spent. Its reserves stood at about 98.9 months of spending, down from 135.5 in 2014. Staff pay was 0% of spending.
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
Morgan County Improvement Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works