Michigan Railroad Assn
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 307,051 | 351,087 | −44,036 | 1.7 | 41% |
| 2012 | 327,216 | 335,705 | −8,489 | 1.2 | 45% |
| 2013 | 328,598 | 305,320 | 23,278 | 1.9 | 48% |
| 2014 | 277,871 | 268,493 | 9,378 | 2.5 | 38% |
| 2015 | 268,717 | 266,590 | 2,127 | 2.7 | 41% |
| 2016 | 291,237 | 291,021 | 216 | 2.8 | 42% |
| 2017 | 299,574 | 299,549 | 25 | 2.8 | 39% |
| 2018 | 394,950 | 306,307 | 88,643 | 6.2 | 40% |
| 2019 | 316,102 | 331,349 | −15,247 | 5.2 | 42% |
| 2020 | 377,299 | 359,456 | 17,843 | 5.4 | 34% |
| 2021 | 357,214 | 341,726 | 15,488 | 6.2 | 43% |
| 2022 | 448,768 | 404,573 | 44,195 | 6.5 | 41% |
| 2023 | 375,147 | 421,331 | −46,184 | 4.9 | 41% |
In its most recent public year (2023), this organization spent $46,184 more than it brought in. Its reserves stood at about 4.9 months of spending, up from 1.7 in 2011. Staff pay was 41% 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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