Minnesota Dairy Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 557,977 | 594,888 | −36,911 | 1.7 | 7% |
| 2022 | 677,541 | 590,632 | 86,909 | 3.5 | 24% |
| 2023 | 557,031 | 482,127 | 74,904 | 6.2 | 58% |
| 2024 | 507,531 | 552,797 | −45,266 | 4.4 | 56% |
In its most recent public year (2024), this organization spent $45,266 more than it brought in. Its reserves stood at about 4.4 months of spending, up from 1.7 in 2021. Staff pay was 56% 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 2024. 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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