Lake Ogemaw Summer Resort Assoc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 241,811 | 242,358 | −547 | 21.3 | 5% |
| 2022 | 234,468 | 276,496 | −42,028 | 16.8 | 5% |
| 2023 | 317,991 | 232,899 | 85,092 | 24.4 | 6% |
| 2024 | 286,659 | 220,475 | 66,184 | 29.4 | 7% |
In its most recent public year (2024), this organization brought in $66,184 more than it spent. Its reserves stood at about 29.4 months of spending, up from 21.3 in 2021. Staff pay was 7% 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 2024. 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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