Green Mountain Economic Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 508,211 | 509,920 | −1,709 | 2.9 | 28% |
| 2021 | 591,712 | 570,749 | 20,963 | 3.0 | 31% |
| 2022 | 1,150,206 | 1,147,484 | 2,722 | 1.5 | 15% |
| 2023 | 531,677 | 626,373 | −94,696 | 1.0 | 23% |
In its most recent public year (2023), this organization spent $94,696 more than it brought in. Its reserves stood at about 1 months of spending, down from 2.9 in 2020. Staff pay was 23% of spending. $30,000 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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