Licking Rural Electrification Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 36,077,367 | 31,930,650 | 4,146,717 | -7.3 | 7% |
| 2021 | 42,243,182 | 38,429,094 | 3,814,088 | -4.9 | 6% |
| 2022 | 53,771,324 | 49,186,549 | 4,584,775 | -2.7 | 5% |
| 2023 | 43,948,111 | 41,854,480 | 2,093,631 | -2.5 | 6% |
In its most recent public year (2023), this organization brought in $2,093,631 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.5 months), up from -7.3 in 2020. Staff pay was 6% 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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