Alabama Retired State Employees Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 948,756 | 889,076 | 59,680 | 21.2 | 44% |
| 2013 | 906,406 | 966,309 | −59,903 | 18.8 | 47% |
| 2014 | 917,424 | 978,434 | −61,010 | 17.8 | 45% |
| 2015 | 1,000,809 | 1,018,243 | −17,434 | 16.9 | 45% |
| 2016 | 1,010,126 | 1,006,540 | 3,586 | 17.1 | 45% |
| 2017 | 967,521 | 974,306 | −6,785 | 17.6 | 51% |
| 2018 | 962,508 | 1,039,496 | −76,988 | 15.6 | 54% |
| 2019 | 933,035 | 1,005,038 | −72,003 | 15.4 | 53% |
| 2020 | 911,219 | 995,765 | −84,546 | 14.5 | 50% |
| 2021 | 871,049 | 861,930 | 9,119 | 16.9 | 54% |
| 2022 | 922,234 | 977,517 | −55,283 | 14.2 | 53% |
| 2023 | 914,217 | 960,102 | −45,885 | 13.9 | 51% |
In its most recent public year (2023), this organization spent $45,885 more than it brought in. Its reserves stood at about 13.9 months of spending, down from 21.2 in 2012. Staff pay was 51% of spending. $26,378 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 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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