Otsego Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,701,959 | 8,351,365 | 350,594 | 17.1 | 16% |
| 2021 | 10,412,060 | 10,260,220 | 151,840 | 14.8 | 14% |
| 2022 | 12,788,571 | 12,234,440 | 554,131 | 13.7 | 14% |
| 2023 | 13,104,160 | 12,729,444 | 374,716 | 14.8 | 13% |
In its most recent public year (2023), this organization brought in $374,716 more than it spent. Its reserves stood at about 14.8 months of spending, down from 17.1 in 2020. Staff pay was 13% 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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