Minnesota Floorcovering Contractors Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 82,687 | 88,992 | −6,305 | 31.8 | — |
| 2022 | 102,716 | 102,265 | 451 | 26.6 | — |
| 2023 | 94,303 | 92,948 | 1,355 | 28.7 | — |
| 2024 | 98,714 | 86,923 | 11,791 | 32.3 | — |
In its most recent public year (2024), this organization brought in $11,791 more than it spent. Its reserves stood at about 32.3 months 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
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