Torrance-Lomita Meals On Wheels Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 204,013 | 171,733 | 32,280 | 13.3 | 18% |
| 2012 | 262,173 | 188,505 | 73,668 | 16.8 | 16% |
| 2013 | 246,429 | 215,335 | 31,094 | 16.5 | 15% |
| 2014 | 225,104 | 231,989 | −6,885 | 14.9 | 19% |
| 2015 | 242,350 | 250,981 | −8,631 | 13.4 | 19% |
| 2016 | 231,274 | 242,774 | −11,500 | 13.3 | 20% |
| 2017 | 217,606 | 237,628 | −20,022 | 12.5 | 20% |
| 2018 | 180,893 | 206,760 | −25,867 | 12.9 | 23% |
| 2019 | 182,773 | 197,692 | −14,919 | 12.5 | 26% |
| 2020 | 297,977 | 159,822 | 138,155 | 25.9 | 31% |
| 2021 | 255,828 | 207,262 | 48,566 | 22.9 | 26% |
| 2022 | 183,043 | 200,053 | −17,010 | 22.7 | — |
| 2023 | 288,609 | 236,359 | 52,250 | 21.8 | 31% |
In its most recent public year (2023), this organization brought in $52,250 more than it spent. Its reserves stood at about 21.8 months of spending, up from 13.3 in 2011. Staff pay was 31% of spending. $267,000 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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