Technical Employment Training Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 630,715 | 667,451 | −36,736 | 1.8 | 15% |
| 2012 | 726,279 | 689,681 | 36,598 | 3.2 | 27% |
| 2013 | 617,691 | 833,292 | −215,601 | -0.4 | 22% |
| 2014 | 1,099,617 | 940,483 | 159,134 | 1.7 | 18% |
| 2015 | 649,075 | 664,674 | −15,599 | 2.1 | 44% |
| 2016 | 960,115 | 1,092,582 | −132,467 | 0.2 | 35% |
| 2017 | 1,335,753 | 1,375,804 | −40,051 | -0.2 | 32% |
| 2018 | 1,607,016 | 1,261,658 | 345,358 | 1.7 | 36% |
| 2019 | 1,416,748 | 1,256,970 | 159,778 | 1.8 | 38% |
| 2020 | 975,849 | 888,277 | 87,572 | 0.5 | 43% |
| 2021 | 484,601 | 553,909 | −69,308 | -0.7 | 49% |
| 2022 | 745,395 | 711,983 | 33,412 | 0.0 | 50% |
| 2023 | 656,047 | 789,911 | −133,864 | -2.0 | 47% |
In its most recent public year (2023), this organization spent $133,864 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2 months), down from 1.8 in 2011. Staff pay was 47% of spending. $43,480 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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