Gorman Towers Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,750,072 | 1,764,637 | −14,565 | -15.0 | 13% |
| 2012 | 1,778,916 | 1,862,553 | −83,637 | -14.7 | 13% |
| 2013 | 1,780,538 | 1,903,200 | −122,662 | -15.2 | 14% |
| 2014 | 1,816,437 | 2,008,368 | −191,931 | -15.5 | 21% |
| 2015 | 1,875,166 | 1,881,647 | −6,481 | -16.6 | 23% |
| 2016 | 2,008,116 | 1,902,314 | 105,802 | -15.8 | 23% |
| 2017 | 1,978,924 | 1,663,184 | 315,740 | -15.7 | 26% |
| 2018 | 1,926,252 | 1,595,297 | 330,955 | -13.9 | 27% |
| 2019 | 1,988,735 | 1,745,410 | 243,325 | -11.1 | 25% |
| 2020 | 1,960,493 | 1,660,084 | 300,409 | -9.4 | 27% |
| 2021 | 2,108,818 | 1,713,961 | 394,857 | -6.4 | 25% |
| 2022 | 2,069,509 | 1,729,277 | 340,232 | -4.0 | 29% |
| 2023 | 2,077,309 | 1,852,832 | 224,477 | -2.3 | 24% |
In its most recent public year (2023), this organization brought in $224,477 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.3 months), up from -15 in 2011. Staff pay was 24% of spending. $40,812 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
Gorman Towers Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works