Springfield Regional Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 422,293 | 503,419 | −81,126 | 13.6 | 0% |
| 2021 | 449,301 | 445,053 | 4,248 | 15.5 | 71% |
| 2022 | 1,257,207 | 957,948 | 299,259 | 10.6 | 30% |
| 2023 | 441,877 | 385,178 | 56,699 | 26.8 | 73% |
| 2024 | 510,661 | 446,087 | 64,574 | 24.9 | 62% |
In its most recent public year (2024), this organization brought in $64,574 more than it spent. Its reserves stood at about 24.9 months of spending, up from 13.6 in 2020. Staff pay was 62% of spending. $489,843 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 2024. 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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