Solomons Business Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 41,080 | 32,770 | 8,310 | 9.1 | — |
| 2012 | 62,562 | 51,632 | 10,930 | 8.3 | — |
| 2013 | 40,073 | 39,565 | 508 | 11.0 | — |
| 2014 | 70,987 | 69,531 | 1,456 | 6.5 | — |
| 2015 | 55,156 | 61,709 | −6,553 | 6.1 | — |
| 2016 | 51,290 | 53,946 | −2,656 | 6.4 | — |
| 2017 | 49,768 | 62,336 | −12,568 | 3.1 | — |
| 2018 | 43,564 | 49,291 | −5,727 | 2.5 | — |
| 2019 | 56,411 | 47,159 | 9,252 | 5.0 | — |
| 2020 | 23,260 | 22,849 | 411 | 10.5 | — |
| 2021 | 57,084 | 65,420 | −8,336 | 2.1 | — |
| 2022 | 59,284 | 68,906 | −9,622 | 0.3 | — |
In its most recent public year (2022), this organization spent $9,622 more than it brought in. Its reserves stood at about 0.3 months of spending, down from 9.1 in 2011.
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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