Turnaround Management Association Minnesota Chapter
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 47,207 | 39,354 | 7,853 | 36.3 | — |
| 2021 | 92,946 | 49,587 | 43,359 | 39.3 | — |
| 2022 | 103,887 | 95,459 | 8,428 | 21.5 | — |
| 2023 | 123,635 | 111,139 | 12,496 | 19.8 | — |
In its most recent public year (2023), this organization brought in $12,496 more than it spent. Its reserves stood at about 19.8 months of spending, down from 36.3 in 2020.
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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