Great Lakes Yacht Club
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 612,770 | 554,795 | 57,975 | 17.5 | 43% |
| 2021 | 652,210 | 562,819 | 89,391 | 19.1 | 39% |
| 2022 | 698,079 | 634,364 | 63,715 | 18.2 | 44% |
| 2023 | 724,615 | 716,783 | 7,832 | 16.2 | 37% |
In its most recent public year (2023), this organization brought in $7,832 more than it spent. Its reserves stood at about 16.2 months of spending, down from 17.5 in 2020. Staff pay was 37% 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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