Salem School System Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 100,809 | 75,032 | 25,777 | 79.0 | 53% |
| 2012 | 98,693 | 77,957 | 20,736 | 76.1 | 52% |
| 2013 | 91,520 | 77,876 | 13,644 | 76.3 | 54% |
| 2014 | 91,609 | 63,801 | 27,808 | 95.9 | 68% |
| 2015 | 86,211 | 67,434 | 18,777 | 91.8 | 66% |
| 2016 | 90,020 | 72,387 | 17,633 | 86.3 | 63% |
| 2017 | 77,932 | 61,434 | 16,498 | 102.7 | 64% |
| 2018 | 83,655 | 59,408 | 24,247 | 109.0 | 65% |
| 2019 | 84,409 | 55,919 | 28,490 | 119.9 | 69% |
| 2020 | 87,325 | 58,398 | 28,927 | 118.8 | 68% |
| 2021 | 83,303 | 59,745 | 23,558 | 118.5 | 68% |
| 2022 | 81,996 | 62,133 | 19,863 | 115.9 | 68% |
| 2023 | 108,160 | 63,021 | 45,139 | 118.6 | 70% |
In its most recent public year (2023), this organization brought in $45,139 more than it spent. Its reserves stood at about 118.6 months of spending, up from 79 in 2011. Staff pay was 70% 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
Salem School System Credit Union'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