Morgan County Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 104,109 | 129,095 | −24,986 | 11.1 | 40% |
| 2011 | 125,459 | 142,757 | −17,298 | 8.6 | 35% |
| 2012 | 118,950 | 98,372 | 20,578 | 15.0 | 44% |
| 2013 | 111,101 | 101,197 | 9,904 | 15.7 | 47% |
| 2014 | 145,094 | 133,951 | 11,143 | 12.9 | 41% |
| 2015 | 169,452 | 131,446 | 38,006 | 16.6 | 58% |
| 2016 | 140,297 | 98,129 | 42,168 | 27.4 | 53% |
| 2017 | 99,084 | 114,782 | −15,698 | 21.8 | 59% |
| 2018 | 107,838 | 115,878 | −8,040 | 20.7 | 50% |
| 2019 | 102,134 | 100,790 | 1,344 | 24.0 | 48% |
| 2020 | 157,618 | 86,632 | 70,986 | 37.8 | 62% |
| 2021 | 172,121 | 117,366 | 54,755 | 33.5 | 63% |
| 2022 | 153,454 | 139,896 | 13,558 | 29.2 | 62% |
| 2023 | 184,966 | 183,876 | 1,090 | 22.3 | 60% |
In its most recent public year (2023), this organization brought in $1,090 more than it spent. Its reserves stood at about 22.3 months of spending, up from 11.1 in 2010. Staff pay was 60% 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 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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