Lake Region Electric Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 154,733 | 37,480 | 117,253 | 39.7 | — |
| 2018 | 97,914 | 83,127 | 14,787 | 20.0 | — |
| 2019 | 8,589 | 97,599 | −89,010 | 6.1 | — |
| 2020 | 126,277 | 40,506 | 85,771 | 40.1 | — |
| 2021 | 122,024 | 98,343 | 23,681 | 19.4 | — |
| 2022 | 118,905 | 80,841 | 38,064 | 29.3 | — |
| 2023 | 141,777 | 113,110 | 28,667 | 24.6 | — |
In its most recent public year (2023), this organization brought in $28,667 more than it spent. Its reserves stood at about 24.6 months of spending, down from 39.7 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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