Lorman Waterworks Assn Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 393,598 | 344,992 | 48,606 | 44.7 | 32% |
| 2012 | 386,228 | 351,595 | 34,633 | 45.0 | 25% |
| 2013 | 352,961 | 334,653 | 18,308 | 48.0 | 27% |
| 2014 | 425,251 | 359,086 | 66,165 | 46.9 | 32% |
| 2015 | 386,584 | 376,077 | 10,507 | 45.1 | 26% |
| 2016 | 355,673 | 335,038 | 20,635 | 51.4 | 19% |
| 2017 | 368,236 | 326,104 | 42,132 | 54.4 | 19% |
| 2018 | 367,291 | 396,016 | −28,725 | 44.0 | 16% |
| 2019 | 351,409 | 372,035 | −20,626 | 46.3 | 23% |
| 2020 | 338,084 | 421,093 | −83,009 | 38.5 | 17% |
| 2021 | 351,004 | 517,859 | −166,855 | 35.6 | 18% |
| 2022 | 330,168 | 552,599 | −222,431 | 30.4 | 21% |
| 2023 | 400,404 | 483,026 | −82,622 | 32.7 | 23% |
In its most recent public year (2023), this organization spent $82,622 more than it brought in. Its reserves stood at about 32.7 months of spending, down from 44.7 in 2011. Staff pay was 23% 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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