Somervell County Committe For Aging Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 551,913 | 488,788 | 63,125 | 7.8 | 50% |
| 2021 | 645,400 | 561,943 | 83,457 | 8.6 | 48% |
| 2022 | 665,633 | 619,498 | 46,135 | 8.7 | 45% |
| 2023 | 781,413 | 643,227 | 138,186 | 10.9 | 50% |
In its most recent public year (2023), this organization brought in $138,186 more than it spent. Its reserves stood at about 10.9 months of spending, up from 7.8 in 2020. Staff pay was 50% of spending. $15,267 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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