Mille Lacs Drift Skippers
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 370,421 | 223,671 | 146,750 | 39.3 | 0% |
| 2021 | 340,644 | 286,395 | 54,249 | 33.0 | 30% |
| 2022 | 340,321 | 294,302 | 46,019 | 34.0 | 28% |
| 2023 | 308,690 | 375,212 | −66,522 | 24.5 | 34% |
In its most recent public year (2023), this organization spent $66,522 more than it brought in. Its reserves stood at about 24.5 months of spending, down from 39.3 in 2020. Staff pay was 34% 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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