Farmington Tourism And Convention Bureau
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $213,181 | $202,671 | $10,510 | 9.4 | 0% |
| 2021 | $137,273 | $215,399 | −$78,126 | 4.5 | 0% |
| 2022 | $306,214 | $237,605 | $68,609 | 7.5 | 0% |
| 2023 | $259,303 | $213,417 | $45,886 | 11.0 | 0% |
In its most recent public year (2023), this organization brought in $45,886 more than it spent. Its reserves stood at about 11 months of spending, up from 9.4 in 2020. 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 ↗
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