Lorain-Medina Rural Electric Coop Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 31,153,744 | 29,004,370 | 2,149,374 | 13.8 | 0% |
| 2011 | 34,083,083 | 31,459,188 | 2,623,895 | 13.4 | 0% |
| 2012 | 35,139,211 | 32,844,267 | 2,294,944 | 13.3 | 0% |
| 2013 | 36,225,016 | 33,686,251 | 2,538,765 | 13.6 | 0% |
| 2014 | 38,834,625 | 36,009,608 | 2,825,017 | 13.2 | 0% |
| 2015 | 38,341,031 | 34,923,838 | 3,417,193 | 14.5 | 0% |
| 2016 | 37,263,513 | 34,311,655 | 2,951,858 | 15.3 | 0% |
| 2017 | 39,046,266 | 35,402,102 | 3,644,164 | 15.8 | 0% |
| 2018 | 42,553,576 | 37,494,626 | 5,058,950 | 16.2 | 0% |
| 2019 | 40,792,883 | 35,831,188 | 4,961,695 | 18.2 | 0% |
| 2020 | 40,199,966 | 36,447,599 | 3,752,367 | 18.5 | 0% |
| 2021 | 43,488,454 | 38,490,542 | 4,997,912 | 18.3 | 0% |
| 2022 | 48,347,059 | 40,980,234 | 7,366,825 | 18.7 | 0% |
| 2023 | 49,578,413 | 41,651,270 | 7,927,143 | 20.5 | 3% |
In its most recent public year (2023), this organization brought in $7,927,143 more than it spent. Its reserves stood at about 20.5 months of spending, up from 13.8 in 2010. Staff pay was 3% 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
Lorain-Medina Rural Electric Coop 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