Tower-Soudan Lake Vermilion Events Board
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 19,774 | 19,311 | 463 | 12.1 | — |
| 2018 | 31,772 | 22,981 | 8,791 | 14.8 | — |
| 2019 | 31,743 | 23,450 | 8,293 | 18.7 | — |
| 2020 | 2,578 | 11,848 | −9,270 | 27.7 | — |
| 2021 | 13,775 | 9,991 | 3,784 | 37.4 | — |
| 2022 | 14,445 | 16,041 | −1,596 | 22.1 | — |
| 2023 | 17,162 | 11,693 | 5,469 | 35.9 | — |
In its most recent public year (2023), this organization brought in $5,469 more than it spent. Its reserves stood at about 35.9 months of spending, up from 12.1 in 2017.
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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