Professional Insurance Agents Of Minnesota Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 466,073 | 428,657 | 37,416 | 39.5 | 47% |
| 2021 | 492,647 | 382,790 | 109,857 | 47.7 | 54% |
| 2022 | 483,190 | 467,908 | 15,282 | 39.4 | 44% |
| 2023 | 509,506 | 422,394 | 87,112 | 46.1 | 45% |
In its most recent public year (2023), this organization brought in $87,112 more than it spent. Its reserves stood at about 46.1 months of spending, up from 39.5 in 2020. Staff pay was 45% 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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