Rockford Municipal Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 648,177 | 666,822 | −18,645 | 38.9 | 29% |
| 2012 | 615,990 | 655,045 | −39,055 | 38.9 | 29% |
| 2013 | 577,572 | 643,879 | −66,307 | 37.5 | 28% |
| 2014 | 583,858 | 545,617 | 38,241 | 45.7 | 32% |
| 2015 | 563,463 | 552,868 | 10,595 | 45.3 | 30% |
| 2016 | 615,521 | 561,414 | 54,107 | 45.7 | 30% |
| 2017 | 647,400 | 574,758 | 72,642 | 46.2 | 30% |
| 2018 | 711,750 | 551,559 | 160,191 | 51.6 | 32% |
| 2019 | 758,324 | 596,960 | 161,364 | 50.9 | 31% |
| 2020 | 693,650 | 587,209 | 106,441 | 54.0 | 33% |
| 2021 | 667,786 | 594,696 | 73,090 | 54.7 | 34% |
| 2022 | 710,180 | 627,826 | 82,354 | 53.4 | 35% |
| 2023 | 944,416 | 700,649 | 243,767 | 52.0 | 32% |
In its most recent public year (2023), this organization brought in $243,767 more than it spent. Its reserves stood at about 52 months of spending, up from 38.9 in 2011. Staff pay was 32% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works