Surf Industry Manufacturers Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 270,409 | 330,788 | −60,379 | 2.2 | 56% |
| 2021 | 147,604 | 209,260 | −61,656 | 11.0 | 61% |
| 2022 | 214,615 | 278,545 | −63,930 | 0.2 | 59% |
| 2023 | 318,793 | 385,240 | −66,447 | -1.6 | 36% |
In its most recent public year (2023), this organization spent $66,447 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.6 months), down from 2.2 in 2020. Staff pay was 36% 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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