Southern Michigan Railroad Society Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 240,334 | 96,209 | 144,125 | 61.6 | 0% |
| 2022 | 145,674 | 78,804 | 66,870 | 85.4 | 0% |
| 2023 | 79,100 | 99,836 | −20,736 | 64.9 | 0% |
In its most recent public year (2023), this organization spent $20,736 more than it brought in. Its reserves stood at about 64.9 months of spending, up from 61.6 in 2021. Staff pay was 0% 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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