Firelands Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,615,760 | 16,206,708 | 1,409,052 | 13.4 | 2% |
| 2012 | 18,848,773 | 17,301,986 | 1,546,787 | 13.0 | 3% |
| 2013 | 19,316,468 | 17,716,844 | 1,599,624 | 13.2 | 2% |
| 2014 | 19,824,899 | 18,521,902 | 1,302,997 | 13.0 | 2% |
| 2015 | 19,637,808 | 17,894,592 | 1,743,216 | 14.1 | 3% |
| 2016 | 19,547,432 | 18,075,381 | 1,472,051 | 14.4 | 3% |
| 2017 | 19,493,038 | 18,195,082 | 1,297,956 | 14.7 | 3% |
| 2018 | 21,022,423 | 19,136,805 | 1,885,618 | 14.6 | 3% |
| 2019 | 20,133,579 | 18,978,452 | 1,155,127 | 14.9 | 3% |
| 2020 | 20,505,197 | 18,937,936 | 1,567,261 | 15.4 | 3% |
| 2021 | 21,742,334 | 20,260,015 | 1,482,319 | 14.7 | 3% |
| 2022 | 22,829,839 | 21,558,493 | 1,271,346 | 14.0 | 3% |
| 2023 | 23,566,525 | 21,505,392 | 2,061,133 | 14.6 | 3% |
In its most recent public year (2023), this organization brought in $2,061,133 more than it spent. Its reserves stood at about 14.6 months of spending, up from 13.4 in 2011. 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
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