Sovita Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,879,957 | 8,624,480 | 1,255,477 | 67.8 | 30% |
| 2012 | 9,088,784 | 8,054,520 | 1,034,264 | 73.6 | 31% |
| 2013 | 8,714,044 | 7,530,133 | 1,183,911 | 82.0 | 32% |
| 2014 | 9,153,229 | 7,454,514 | 1,698,715 | 85.1 | 35% |
| 2015 | 12,432,859 | 10,065,168 | 2,367,691 | 66.5 | 28% |
| 2016 | 10,699,944 | 8,204,959 | 2,494,985 | 85.1 | 35% |
| 2017 | 11,604,160 | 8,594,277 | 3,009,883 | 82.7 | 35% |
| 2018 | 13,522,370 | 10,721,525 | 2,800,845 | 67.5 | 31% |
| 2019 | 14,803,285 | 11,582,342 | 3,220,943 | 70.8 | 29% |
| 2020 | 12,779,014 | 10,836,202 | 1,942,812 | 82.1 | 32% |
| 2021 | 11,610,983 | 10,103,756 | 1,507,227 | 84.2 | 34% |
| 2022 | 13,885,121 | 10,361,055 | 3,524,066 | 60.2 | 36% |
| 2023 | 18,274,970 | 12,774,373 | 5,500,597 | 59.8 | 30% |
In its most recent public year (2023), this organization brought in $5,500,597 more than it spent. Its reserves stood at about 59.8 months of spending, down from 67.8 in 2011. Staff pay was 30% 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