Heermance Memorial Library
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 212,659 | 211,111 | 1,548 | 21.3 | 52% |
| 2012 | 217,122 | 235,464 | −18,342 | 18.1 | 48% |
| 2013 | 216,444 | 237,629 | −21,185 | 17.0 | 47% |
| 2014 | 236,621 | 230,395 | 6,226 | 17.6 | 50% |
| 2015 | 242,748 | 293,805 | −51,057 | 11.7 | 40% |
| 2016 | 241,772 | 245,584 | −3,812 | 17.2 | 48% |
| 2017 | 261,687 | 244,462 | 17,225 | 16.1 | 51% |
| 2018 | 293,046 | 292,588 | 458 | 13.6 | 48% |
| 2019 | 270,465 | 243,227 | 27,238 | 19.2 | 57% |
| 2020 | 285,661 | 247,719 | 37,942 | 20.9 | 58% |
| 2021 | 325,062 | 338,896 | −13,834 | 14.8 | 44% |
| 2022 | 297,611 | 281,519 | 16,092 | 21.6 | 57% |
| 2023 | 309,965 | 296,698 | 13,267 | 21.0 | 56% |
In its most recent public year (2023), this organization brought in $13,267 more than it spent. Its reserves stood at about 21 months of spending. Staff pay was 56% of spending. $111,442 of its net assets are donor-restricted.
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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