Turnaround Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 0 | 0 | 0 | — | — |
| 2014 | 0 | 0 | 0 | — | — |
| 2015 | 0 | 0 | 0 | — | — |
| 2016 | 5,500 | 42 | 5,458 | 1559.4 | — |
| 2017 | 100,200 | 16,209 | 83,991 | 66.2 | — |
| 2018 | 282,060 | 325,808 | −43,748 | 1.7 | 39% |
| 2019 | 361,606 | 366,914 | −5,308 | 1.3 | 39% |
| 2020 | 200,068 | 375,638 | −175,570 | -4.3 | 40% |
| 2021 | 318,972 | 349,619 | −30,647 | -5.7 | 34% |
| 2022 | 114,817 | 134,549 | −19,732 | -16.5 | 15% |
In its most recent public year (2022), this organization spent $19,732 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-16.5 months). Staff pay was 15% 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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