Westfield Towers Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 214,582 | 404,403 | −189,821 | -36.5 | 8% |
| 2022 | 224,237 | 352,649 | −128,412 | -46.3 | 9% |
| 2023 | 224,703 | 366,125 | −141,422 | -49.2 | 10% |
In its most recent public year (2023), this organization spent $141,422 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-49.2 months), down from -36.5 in 2021. Staff pay was 10% 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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