Heart Of Texas Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 43,295,030 | 38,668,979 | 4,626,051 | 12.1 | 0% |
| 2012 | 36,788,514 | 36,805,847 | −17,333 | 14.0 | 1% |
| 2013 | 38,907,477 | 38,699,290 | 208,187 | 14.5 | 1% |
| 2014 | 45,709,424 | 46,001,068 | −291,644 | 13.4 | 1% |
| 2015 | 40,397,081 | 39,723,892 | 673,189 | 16.9 | 1% |
| 2016 | 36,652,271 | 36,560,171 | 92,100 | 19.9 | 1% |
| 2017 | 42,126,186 | 42,126,186 | 0 | 18.5 | 0% |
| 2018 | 45,109,957 | 45,054,961 | 54,996 | 18.3 | 1% |
| 2019 | 45,742,549 | 45,782,897 | −40,348 | 19.1 | 0% |
| 2020 | 46,318,601 | 46,422,732 | −104,131 | 20.0 | 1% |
| 2021 | 50,473,996 | 50,604,728 | −130,732 | 19.3 | 1% |
| 2022 | 38,245,612 | 38,329,991 | −84,379 | 25.3 | 2% |
| 2023 | 73,385,808 | 73,759,784 | −373,976 | 12.9 | 1% |
In its most recent public year (2023), this organization spent $373,976 more than it brought in. Its reserves stood at about 12.9 months of spending. Staff pay was 1% 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
Heart Of Texas Electric Cooperative Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works