New Enterprise Rural Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,540,194 | 7,063,554 | 476,640 | 5.9 | 14% |
| 2021 | 8,515,711 | 7,986,392 | 529,319 | 6.9 | 13% |
| 2022 | 9,051,973 | 8,057,748 | 994,225 | 12.1 | 14% |
| 2023 | 9,236,961 | 8,941,204 | 295,757 | 11.3 | 13% |
In its most recent public year (2023), this organization brought in $295,757 more than it spent. Its reserves stood at about 11.3 months of spending, up from 5.9 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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