Cutwater Maritime Educational Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 325,450 | 1,560,428 | −1,234,978 | -29.4 | 7% |
| 2021 | 607,766 | 1,493,985 | −886,219 | -37.8 | 8% |
| 2022 | 744,445 | 1,099,076 | −354,631 | -55.3 | 14% |
| 2023 | 1,118,236 | 1,640,951 | −522,715 | -40.9 | 8% |
In its most recent public year (2023), this organization spent $522,715 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-40.9 months), down from -29.4 in 2020. Staff pay was 8% 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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