Madison Morgan County Convention & Visitors Bureau Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 229,649 | 173,356 | 56,293 | 6.5 | 26% |
| 2021 | 205,055 | 220,981 | −15,926 | 4.3 | 52% |
| 2022 | 295,938 | 288,746 | 7,192 | 4.5 | 38% |
| 2023 | 334,753 | 334,946 | −193 | 3.9 | 40% |
| 2024 | 304,122 | 295,270 | 8,852 | 4.8 | 46% |
In its most recent public year (2024), this organization brought in $8,852 more than it spent. Its reserves stood at about 4.8 months of spending, down from 6.5 in 2020. Staff pay was 46% 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 2024. 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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