Lucas County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 730,971 | 692,359 | 38,612 | 4.0 | 59% |
| 2012 | 613,071 | 604,615 | 8,456 | 4.7 | 60% |
| 2013 | 506,960 | 478,287 | 28,673 | 6.4 | 53% |
| 2014 | 1,721,739 | 498,287 | 1,223,452 | 35.6 | 53% |
| 2015 | 1,282,996 | 1,278,323 | 4,673 | 13.9 | 0% |
| 2016 | 2,527,496 | 63,732 | 2,463,764 | 743.2 | 0% |
| 2017 | 187,535 | 162,106 | 25,429 | 294.1 | 0% |
| 2018 | 376,137 | 238,845 | 137,292 | 206.5 | 0% |
| 2019 | 3,211,616 | 1,333,768 | 1,877,848 | 56.8 | 0% |
| 2020 | 542,985 | 3,820,734 | −3,277,749 | 8.5 | 0% |
| 2021 | 957,703 | 1,001,684 | −43,981 | 31.5 | 0% |
| 2022 | 2,020,086 | 1,854,572 | 165,514 | 18.1 | 0% |
| 2023 | 4,608,812 | 3,228,643 | 1,380,169 | 15.5 | 0% |
In its most recent public year (2023), this organization brought in $1,380,169 more than it spent. Its reserves stood at about 15.5 months of spending, up from 4 in 2011. Staff pay was 0% 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
Lucas County Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works