Michigan Community College Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,043,838 | 2,653,721 | −609,883 | 7.6 | 25% |
| 2021 | 2,635,342 | 2,273,781 | 361,561 | 10.7 | 32% |
| 2022 | 2,321,978 | 2,443,243 | −121,265 | 9.4 | 29% |
| 2023 | 7,426,477 | 7,630,610 | −204,133 | 2.7 | 11% |
In its most recent public year (2023), this organization spent $204,133 more than it brought in. Its reserves stood at about 2.7 months of spending, down from 7.6 in 2020. Staff pay was 11% 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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