Vermillion Development Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,005,242 | 556,136 | 1,449,106 | 72.3 | 29% |
| 2012 | 404,380 | 565,418 | −161,038 | 67.7 | 34% |
| 2013 | 381,763 | 829,245 | −447,482 | 39.6 | 23% |
| 2014 | 893,049 | 1,044,256 | −151,207 | 29.7 | 19% |
| 2015 | 1,021,753 | 789,433 | 232,320 | 42.8 | 26% |
| 2016 | 711,483 | 1,610,212 | −898,729 | 18.4 | 15% |
| 2017 | 1,205,569 | 1,579,730 | −374,161 | 14.6 | 0% |
| 2018 | 871,187 | 1,217,475 | −346,288 | 14.8 | 25% |
| 2019 | 997,961 | 1,611,136 | −613,175 | 4.9 | 22% |
| 2020 | 1,741,973 | 1,455,628 | 286,345 | 16.2 | 28% |
| 2021 | 1,278,713 | 1,664,667 | −385,954 | 10.4 | 26% |
| 2022 | 1,541,408 | 1,563,880 | −22,472 | 10.9 | 33% |
| 2023 | 1,497,971 | 1,442,904 | 55,067 | 12.3 | 22% |
In its most recent public year (2023), this organization brought in $55,067 more than it spent. Its reserves stood at about 12.3 months of spending, down from 72.3 in 2011. Staff pay was 22% 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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