Trinity Terrace Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 349,780 | 491,217 | −141,437 | -29.2 | 7% |
| 2021 | 1,088,345 | 419,215 | 669,130 | -15.1 | 7% |
| 2022 | 405,284 | 448,370 | −43,086 | -15.3 | 10% |
| 2023 | 422,592 | 489,627 | −67,035 | -15.6 | 6% |
In its most recent public year (2023), this organization spent $67,035 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-15.6 months), up from -29.2 in 2020. Staff pay was 6% 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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