Mid-City Financial Corp & Edgewood Mgmt Corp Vol Employee Benefit Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,976,922 | 6,216,838 | −239,916 | 6.8 | 0% |
| 2013 | 6,373,028 | 6,673,564 | −300,536 | 5.8 | 0% |
| 2014 | 6,499,396 | 7,306,983 | −807,587 | 4.0 | 0% |
| 2015 | 6,908,837 | 7,924,825 | −1,015,988 | 2.1 | 0% |
| 2016 | 7,294,602 | 6,431,506 | 863,096 | 4.2 | 0% |
| 2017 | 7,938,473 | 8,042,539 | −104,066 | 3.2 | 0% |
| 2018 | 8,614,020 | 7,277,393 | 1,336,627 | 5.8 | 0% |
| 2019 | 5,915,050 | 5,197,673 | 717,377 | 11.4 | 0% |
| 2020 | 7,338,302 | 6,848,938 | 489,364 | 9.5 | 0% |
| 2021 | 6,267,151 | 6,181,737 | 85,414 | 10.7 | 0% |
| 2022 | 4,412,120 | 6,096,600 | −1,684,480 | 7.5 | 0% |
| 2023 | 4,203,713 | 5,518,183 | −1,314,470 | 5.5 | 0% |
In its most recent public year (2023), this organization spent $1,314,470 more than it brought in. Its reserves stood at about 5.5 months of spending, down from 6.8 in 2012. 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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