Presque Isle Electric & Gas Co-Op
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 41,873,176 | 40,488,827 | 1,384,349 | 11.2 | 7% |
| 2012 | 43,611,126 | 42,592,282 | 1,018,844 | 10.9 | 7% |
| 2013 | 46,146,148 | 43,599,548 | 2,546,600 | 11.5 | 6% |
| 2014 | 47,913,187 | 44,051,673 | 3,861,514 | 12.9 | 6% |
| 2015 | 45,937,305 | 43,764,867 | 2,172,438 | 13.6 | 7% |
| 2016 | 45,396,352 | 43,340,518 | 2,055,834 | 14.2 | 4% |
| 2017 | 44,612,543 | 44,095,183 | 517,360 | 14.5 | 5% |
| 2018 | 47,944,212 | 47,779,639 | 164,573 | 13.6 | 7% |
| 2019 | 48,885,001 | 49,283,016 | −398,015 | 13.2 | 8% |
| 2020 | 50,190,753 | 47,205,361 | 2,985,392 | 14.7 | 8% |
| 2021 | 50,602,762 | 52,899,793 | −2,297,031 | 12.7 | 16% |
| 2022 | 55,556,588 | 61,481,567 | −5,924,979 | 10.0 | 15% |
| 2023 | 60,694,805 | 63,612,097 | −2,917,292 | 9.7 | 15% |
In its most recent public year (2023), this organization spent $2,917,292 more than it brought in. Its reserves stood at about 9.7 months of spending, down from 11.2 in 2011. Staff pay was 15% 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
Presque Isle Electric & Gas Co-Op'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