Lakes & Straits Volunteer Fire Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 71,025 | 61,777 | 9,248 | 57.5 | 0% |
| 2021 | 64,575 | 110,226 | −45,651 | 30.6 | 0% |
| 2022 | 91,202 | 93,839 | −2,637 | 35.6 | 0% |
| 2023 | 72,405 | 99,367 | −26,962 | 31.8 | 0% |
In its most recent public year (2023), this organization spent $26,962 more than it brought in. Its reserves stood at about 31.8 months of spending, down from 57.5 in 2020. 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 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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