Operating record

Hayfield Commercial Club Inc

Hayfield, MN · EIN 41-1632012 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2019$381,686$354,554$27,1322.89%
2020$369,433$357,307$12,1263.16%
2021$195,528$123,350$72,17816.123%
2022$4,426$4,372$54491.50%
2023$172,092$182,186−$10,09411.114%

In its most recent public year (2023), this organization spent $10,094 more than it brought in. Its reserves stood at about 11.1 months of spending, up from 2.8 in 2019. 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 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 ↗