Laporte Community Turbo Swim Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 60,431 | 56,063 | 4,368 | 6.7 | — |
| 2021 | 91,441 | 78,128 | 13,313 | 6.8 | — |
| 2022 | 73,832 | 79,686 | −5,854 | 5.8 | — |
| 2023 | 72,327 | 77,247 | −4,920 | 5.3 | — |
In its most recent public year (2023), this organization spent $4,920 more than it brought in. Its reserves stood at about 5.3 months of spending, down from 6.7 in 2020.
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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