Trustco Bank Veba
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 426,870 | 263,476 | 163,394 | 572.9 | 0% |
| 2012 | 468,409 | 247,327 | 221,082 | 661.8 | 0% |
| 2013 | 561,915 | 266,238 | 295,677 | 751.2 | 0% |
| 2014 | 510,797 | 360,828 | 149,969 | 671.5 | 0% |
| 2015 | 666,273 | 411,751 | 254,522 | 586.0 | 0% |
| 2016 | 603,550 | 348,337 | 255,213 | 739.5 | 0% |
| 2017 | 648,400 | 289,941 | 358,459 | 1001.7 | 0% |
| 2018 | 719,716 | 510,554 | 209,162 | 544.7 | 0% |
| 2019 | 1,002,321 | 502,812 | 499,509 | 657.8 | 0% |
| 2020 | 896,227 | 463,979 | 432,248 | 786.9 | 0% |
| 2021 | 1,447,141 | 759,130 | 688,011 | 553.3 | 0% |
| 2022 | 922,188 | 453,977 | 468,211 | 803.0 | 0% |
| 2023 | 1,115,923 | 573,399 | 542,524 | 731.5 | 0% |
In its most recent public year (2023), this organization brought in $542,524 more than it spent. Its reserves stood at about 731.5 months of spending, up from 572.9 in 2011. Staff pay was 0% 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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