Morgan County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 218,151 | 264,715 | −46,564 | 15.2 | 42% |
| 2012 | 220,866 | 227,509 | −6,643 | 17.3 | 52% |
| 2013 | 210,854 | 156,075 | 54,779 | 28.7 | 63% |
| 2014 | 209,383 | 220,453 | −11,070 | 20.6 | 55% |
| 2015 | 243,522 | 258,259 | −14,737 | 24.4 | 45% |
| 2016 | 251,109 | 201,036 | 50,073 | 35.3 | 56% |
| 2017 | 288,036 | 252,427 | 35,609 | 30.2 | 57% |
| 2018 | 266,568 | 264,854 | 1,714 | 29.7 | 55% |
| 2019 | 299,006 | 261,101 | 37,905 | 32.6 | 56% |
| 2020 | 287,372 | 261,706 | 25,666 | 34.5 | 61% |
| 2021 | 284,124 | 295,636 | −11,512 | 30.7 | 53% |
| 2022 | 316,026 | 312,995 | 3,031 | 29.8 | 50% |
| 2023 | 318,120 | 339,345 | −21,225 | 27.3 | 48% |
In its most recent public year (2023), this organization spent $21,225 more than it brought in. Its reserves stood at about 27.3 months of spending, up from 15.2 in 2011. Staff pay was 48% of spending. $143,000 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
Morgan County Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works