Great Lakes Commerical Finance
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,104,025 | 1,607,755 | 2,496,270 | 27.9 | 62% |
| 2021 | 1,475,074 | 1,494,327 | −19,253 | 29.9 | 64% |
| 2022 | 1,746,446 | 1,881,702 | −135,256 | 22.8 | 65% |
| 2023 | 2,071,600 | 1,632,678 | 438,922 | 30.0 | 64% |
In its most recent public year (2023), this organization brought in $438,922 more than it spent. Its reserves stood at about 30 months of spending, up from 27.9 in 2020. Staff pay was 64% 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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