Red Wing Visitor And Convention Bureau
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 210,852 | 276,372 | −65,520 | 10.4 | 38% |
| 2021 | 323,390 | 336,592 | −13,202 | 8.4 | 34% |
| 2022 | 390,917 | 394,804 | −3,887 | 7.1 | 34% |
| 2023 | 332,766 | 433,287 | −100,521 | 3.7 | 32% |
In its most recent public year (2023), this organization spent $100,521 more than it brought in. Its reserves stood at about 3.7 months of spending, down from 10.4 in 2020. Staff pay was 32% 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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