Finishing Trades Institute Of The Great Lakes
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 261,335 | 438,485 | −177,150 | 20.0 | 20% |
| 2013 | 251,811 | 453,915 | −202,104 | 14.0 | 21% |
| 2014 | 293,505 | 297,594 | −4,089 | 21.2 | 30% |
| 2015 | 315,924 | 283,491 | 32,433 | 23.6 | 33% |
| 2016 | 385,633 | 329,014 | 56,619 | 22.4 | 34% |
| 2017 | 395,596 | 335,290 | 60,306 | 24.1 | 33% |
| 2018 | 1,358,230 | 569,101 | 789,129 | 30.9 | 35% |
| 2019 | 795,066 | 579,077 | 215,989 | 34.8 | 39% |
| 2021 | 834,051 | 673,913 | 160,138 | 36.7 | 43% |
| 2022 | 824,381 | 691,177 | 133,204 | 38.1 | 43% |
| 2023 | 2,113,983 | 891,944 | 1,222,039 | 46.0 | 43% |
In its most recent public year (2023), this organization brought in $1,222,039 more than it spent. Its reserves stood at about 46 months of spending, up from 20 in 2012. Staff pay was 43% 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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