Norwood Senior Services Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,335,386 | 2,098,883 | 236,503 | -0.2 | 69% |
| 2021 | 2,119,786 | 1,906,874 | 212,912 | 1.1 | 67% |
| 2022 | 1,436,251 | 1,507,973 | −71,722 | 0.9 | 62% |
| 2023 | 1,221,414 | 1,475,615 | −254,201 | -1.0 | 58% |
In its most recent public year (2023), this organization spent $254,201 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months). Staff pay was 58% 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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