Michigan Government Finance Officers Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 157,517 | 151,987 | 5,530 | 7.1 | — |
| 2013 | 147,635 | 151,794 | −4,159 | 6.8 | — |
| 2014 | 199,850 | 173,793 | 26,057 | 7.7 | 0% |
| 2015 | 169,603 | 167,807 | 1,796 | 8.1 | 0% |
| 2016 | 199,614 | 200,611 | −997 | 6.7 | 0% |
| 2017 | 209,261 | 187,929 | 21,332 | 8.5 | 0% |
| 2018 | 243,491 | 194,451 | 49,040 | 11.3 | 0% |
| 2019 | 245,629 | 200,658 | 44,971 | 13.6 | 0% |
| 2020 | 234,554 | 200,781 | 33,773 | 15.6 | 0% |
| 2021 | 147,835 | 107,043 | 40,792 | 33.9 | 0% |
| 2022 | 201,860 | 221,082 | −19,222 | 15.4 | 0% |
| 2023 | 222,539 | 266,072 | −43,533 | 10.8 | 0% |
| 2024 | 263,382 | 299,403 | −36,021 | 8.2 | 0% |
In its most recent public year (2024), this organization spent $36,021 more than it brought in. Its reserves stood at about 8.2 months of spending, up from 7.1 in 2012. Staff pay was 0% of spending. $8,864 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 2024. 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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