Traverse Area Recreation & Transportation Trails Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,463,172 | 1,332,754 | 1,130,418 | 30.4 | 37% |
| 2021 | 1,680,863 | 1,334,399 | 346,464 | 33.4 | 45% |
| 2022 | 2,931,318 | 2,188,471 | 742,847 | 24.5 | 34% |
| 2023 | 1,978,765 | 2,192,913 | −214,148 | 23.3 | 41% |
In its most recent public year (2023), this organization spent $214,148 more than it brought in. Its reserves stood at about 23.3 months of spending, down from 30.4 in 2020. Staff pay was 41% of spending. $2,127,030 of its net assets are donor-restricted.
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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