Louisiana Oilfield Contractors Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,000 | 78,643 | −70,643 | -58.4 | — |
| 2012 | 29,350 | 88,270 | −58,920 | -60.1 | — |
| 2013 | 24,100 | 73,102 | −49,002 | -80.6 | — |
| 2014 | 24,100 | 72,524 | −48,424 | -89.2 | — |
| 2015 | 24,100 | 16,565 | 7,535 | -385.2 | — |
| 2016 | 24,100 | 72,733 | −48,633 | -105.0 | — |
| 2017 | 24,100 | 72,147 | −48,047 | -113.8 | — |
| 2018 | 24,100 | 72,560 | −48,460 | -121.2 | — |
| 2019 | 24,100 | 574 | 23,526 | -14829.1 | — |
| 2020 | 24,100 | 10,573 | 13,527 | -789.7 | — |
| 2021 | 24,100 | 10,654 | 13,446 | -768.6 | — |
| 2022 | 24,100 | 9,187 | 14,913 | -871.8 | — |
| 2023 | 24,100 | 366,703 | −342,603 | -33.1 | — |
In its most recent public year (2023), this organization spent $342,603 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-33.1 months), up from -58.4 in 2011.
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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