Florida Automobile Joint Underwriting Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,504,419 | 5,859,649 | −2,355,230 | -4.2 | 7% |
| 2021 | 3,014,358 | 5,350,696 | −2,336,338 | -4.8 | 9% |
| 2022 | 3,010,052 | 3,015,442 | −5,390 | -1.7 | 15% |
| 2023 | 3,084,060 | 2,596,526 | 487,534 | -0.4 | 18% |
In its most recent public year (2023), this organization brought in $487,534 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-0.4 months), up from -4.2 in 2020. Staff pay was 18% 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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