Detroit Riverfront Events Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 556,524 | 534,853 | 21,671 | 0.5 | 17% |
| 2016 | 677,213 | 698,511 | −21,298 | 0.0 | 11% |
| 2017 | 539,870 | 545,004 | −5,134 | -0.1 | 13% |
| 2018 | 545,204 | 552,578 | −7,374 | -0.3 | 13% |
| 2019 | 300,558 | 298,025 | 2,533 | -0.4 | 16% |
| 2020 | 75,000 | 62,747 | 12,253 | 0.5 | 48% |
| 2021 | 9,984 | 24,846 | −14,862 | -5.9 | 0% |
In its most recent public year (2021), this organization spent $14,862 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.9 months), down from 0.5 in 2015. 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 2021. 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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