Association Of Retired Teachers Of Connecticut Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 317,640 | 254,720 | 62,920 | 25.9 | 45% |
| 2021 | 233,808 | 219,863 | 13,945 | 31.5 | 54% |
| 2022 | 225,385 | 223,249 | 2,136 | 30.8 | 54% |
| 2023 | 289,437 | 232,087 | 57,350 | 32.6 | 61% |
| 2024 | 269,729 | 281,697 | −11,968 | 26.6 | 56% |
In its most recent public year (2024), this organization spent $11,968 more than it brought in. Its reserves stood at about 26.6 months of spending. Staff pay was 56% of spending. $34,450 of its net assets are donor-restricted.
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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