Veterans Education And Research Association Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,094,303 | 1,391,040 | 2,703,263 | 56.4 | 4% |
| 2012 | 3,377,334 | 2,546,710 | 830,624 | 34.7 | 1% |
| 2013 | 3,500,050 | 2,699,045 | 801,005 | 36.3 | 2% |
| 2014 | 2,497,501 | 2,715,060 | −217,559 | 13.2 | 4% |
| 2015 | 2,489,407 | 2,650,516 | −161,109 | 12.8 | 5% |
| 2016 | 2,857,123 | 2,875,824 | −18,701 | 11.7 | 5% |
| 2017 | 3,347,264 | 2,985,429 | 361,835 | 12.8 | 6% |
| 2018 | 1,816,748 | 1,846,900 | −30,152 | 20.4 | 12% |
| 2019 | 996,051 | 1,235,702 | −239,651 | 28.2 | 22% |
| 2020 | 990,895 | 1,045,847 | −54,952 | 32.7 | 28% |
| 2021 | 2,127,500 | 1,739,882 | 387,618 | 22.3 | 20% |
| 2022 | 1,915,930 | 1,754,752 | 161,178 | 23.3 | 23% |
| 2023 | 2,391,374 | 2,321,864 | 69,510 | 17.9 | 23% |
In its most recent public year (2023), this organization brought in $69,510 more than it spent. Its reserves stood at about 17.9 months of spending, down from 56.4 in 2011. Staff pay was 23% of spending. $7,401 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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