Utah Advanced Materials Manufacturing Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 1,000,000 | 7,725 | 992,275 | 1541.4 | 0% |
| 2017 | 1,005,297 | 459,868 | 545,429 | 40.1 | 43% |
| 2018 | 260,274 | 831,593 | −571,319 | 13.9 | 23% |
| 2019 | 1,102,537 | 1,504,662 | −402,125 | 4.5 | 17% |
| 2020 | 1,363,849 | 1,378,791 | −14,942 | 4.8 | 13% |
| 2021 | 1,913,139 | 2,012,422 | −99,283 | 2.7 | 16% |
| 2022 | 1,949,149 | 2,202,551 | −253,402 | 1.1 | 34% |
In its most recent public year (2022), this organization spent $253,402 more than it brought in. Its reserves stood at about 1.1 months of spending, down from 1541.4 in 2016. Staff pay was 34% 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 2022. 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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