Lake Vermilion Resort Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 241,241 | 218,538 | 22,703 | 10.6 | 14% |
| 2013 | 196,451 | 213,116 | −16,665 | 9.9 | — |
| 2014 | 154,160 | 219,748 | −65,588 | 6.0 | — |
| 2015 | 250,764 | 198,777 | 51,987 | 9.8 | 19% |
| 2016 | 235,428 | 210,322 | 25,106 | 10.8 | 15% |
| 2017 | 242,614 | 223,793 | 18,821 | 11.2 | 17% |
| 2018 | 309,681 | 202,330 | 107,351 | 18.7 | 19% |
| 2019 | 172,887 | 245,362 | −72,475 | 11.9 | 15% |
| 2020 | 300,978 | 174,449 | 126,529 | 25.7 | 12% |
| 2021 | 318,382 | 161,020 | 157,362 | 39.9 | 22% |
| 2022 | 319,574 | 368,823 | −49,249 | 15.8 | 15% |
| 2023 | 325,549 | 503,493 | −177,944 | 7.4 | 11% |
| 2024 | 297,471 | 410,740 | −113,269 | 5.7 | 14% |
In its most recent public year (2024), this organization spent $113,269 more than it brought in. Its reserves stood at about 5.7 months of spending, down from 10.6 in 2012. Staff pay was 14% 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 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
Lake Vermilion Resort Association's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works