Loretto Volunteer Fire Dept
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 52,921 | 85,846 | −32,925 | 43.1 | — |
| 2021 | 85,521 | 106,838 | −21,317 | 32.3 | — |
| 2022 | 90,423 | 89,526 | 897 | 38.6 | — |
| 2023 | 104,500 | 85,551 | 18,949 | 61.8 | — |
In its most recent public year (2023), this organization brought in $18,949 more than it spent. Its reserves stood at about 61.8 months of spending, up from 43.1 in 2020.
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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