Lorain-Medina Rural Electric People Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 77,082 | 82,575 | −5,493 | 4.9 | — |
| 2011 | 77,311 | 77,717 | −406 | 5.2 | — |
| 2012 | 76,030 | 66,206 | 9,824 | 7.8 | — |
| 2013 | 77,665 | 86,666 | −9,001 | 4.7 | — |
| 2014 | 78,222 | 82,260 | −4,038 | 4.4 | — |
| 2015 | 78,878 | 69,798 | 9,080 | 6.7 | — |
| 2016 | 81,180 | 87,724 | −6,544 | 4.5 | — |
| 2017 | 78,806 | 83,465 | −4,659 | 4.0 | — |
| 2018 | 77,072 | 63,835 | 13,237 | 7.8 | — |
| 2019 | 77,058 | 83,440 | −6,382 | 5.0 | — |
| 2020 | 77,619 | 69,046 | 8,573 | 7.6 | — |
| 2021 | 77,040 | 58,818 | 18,222 | 12.6 | — |
| 2022 | 75,232 | 107,571 | −32,339 | 3.3 | — |
| 2023 | 83,749 | 74,297 | 9,452 | 6.3 | — |
In its most recent public year (2023), this organization brought in $9,452 more than it spent. Its reserves stood at about 6.3 months of spending, up from 4.9 in 2010.
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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