The Hastings Fire Department Relief Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 411,650 | 443,647 | −31,997 | 132.1 | 2% |
| 2021 | 565,559 | 405,822 | 159,737 | 156.2 | 2% |
| 2022 | 348,861 | 106,152 | 242,709 | 552.8 | 8% |
In its most recent public year (2022), this organization brought in $242,709 more than it spent. Its reserves stood at about 552.8 months of spending, up from 132.1 in 2020. Staff pay was 8% 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 2022. 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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