1st Midamerica Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 27,660,311 | 25,496,663 | 2,163,648 | 22.8 | 25% |
| 2012 | 28,914,914 | 25,828,876 | 3,086,038 | 23.9 | 27% |
| 2013 | 27,284,845 | 24,534,673 | 2,750,172 | 26.5 | 5% |
| 2014 | 32,051,357 | 26,229,668 | 5,821,689 | 28.7 | 28% |
| 2015 | 33,778,342 | 29,720,728 | 4,057,614 | 27.0 | 29% |
| 2016 | 37,369,414 | 33,476,266 | 3,893,148 | 25.4 | 27% |
| 2017 | 40,010,646 | 36,182,561 | 3,828,085 | 25.5 | 26% |
| 2018 | 43,734,489 | 40,325,603 | 3,408,886 | 23.7 | 25% |
| 2019 | 46,451,605 | 42,129,461 | 4,322,144 | 24.0 | 26% |
| 2020 | 44,870,473 | 41,869,554 | 3,000,919 | 25.0 | 28% |
| 2021 | 45,661,014 | 35,551,494 | 10,109,520 | 32.5 | 31% |
| 2022 | 45,283,692 | 37,779,980 | 7,503,712 | 31.4 | 31% |
| 2023 | 55,685,904 | 51,029,966 | 4,655,938 | 24.0 | 24% |
In its most recent public year (2023), this organization brought in $4,655,938 more than it spent. Its reserves stood at about 24 months of spending, up from 22.8 in 2011. Staff pay was 24% 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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