Clarence G Tortorell Charitable Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 158,672 | 270,855 | −112,183 | 201.7 | 30% |
| 2021 | 334,280 | 184,446 | 149,834 | 305.9 | 54% |
| 2022 | 265,241 | 461,614 | −196,373 | 117.1 | 22% |
| 2023 | 471,361 | 293,068 | 178,293 | 191.7 | 34% |
In its most recent public year (2023), this organization brought in $178,293 more than it spent. Its reserves stood at about 191.7 months of spending, down from 201.7 in 2020. Staff pay was 34% 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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