Somerset Rural Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 19,592,842 | 17,650,877 | 1,941,965 | 17.3 | 1% |
| 2012 | 19,735,478 | 19,192,596 | 542,882 | 16.1 | 1% |
| 2013 | 21,471,159 | 20,601,967 | 869,192 | 15.2 | 1% |
| 2014 | 22,637,175 | 20,454,260 | 2,182,915 | 16.3 | 1% |
| 2015 | 21,363,531 | 20,161,289 | 1,202,242 | 17.0 | 1% |
| 2016 | 20,451,194 | 19,664,834 | 786,360 | 17.7 | 1% |
| 2017 | 21,410,884 | 20,990,773 | 420,111 | 16.5 | 1% |
| 2018 | 22,782,534 | 21,223,915 | 1,558,619 | 16.9 | 2% |
| 2019 | 23,447,650 | 21,497,325 | 1,950,325 | 16.3 | 1% |
| 2020 | 24,160,288 | 20,802,216 | 3,358,072 | 18.5 | 2% |
| 2021 | 24,950,814 | 22,282,208 | 2,668,606 | 18.4 | 1% |
| 2022 | 25,841,270 | 21,550,169 | 4,291,101 | 21.2 | 2% |
| 2023 | 27,920,953 | 26,133,681 | 1,787,272 | 17.9 | 1% |
In its most recent public year (2023), this organization brought in $1,787,272 more than it spent. Its reserves stood at about 17.9 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
Somerset Rural 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