Michigan Electric And Gas Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 342,177 | 347,297 | −5,120 | 3.2 | 63% |
| 2012 | 355,626 | 336,371 | 19,255 | 3.9 | 70% |
| 2013 | 383,844 | 349,828 | 34,016 | 5.0 | 66% |
| 2014 | 400,041 | 358,738 | 41,303 | 6.2 | 66% |
| 2015 | 386,349 | 423,798 | −37,449 | 4.2 | 58% |
| 2016 | 477,388 | 395,938 | 81,450 | 7.0 | 64% |
| 2017 | 408,643 | 472,441 | −63,798 | 4.2 | 56% |
| 2018 | 496,994 | 440,917 | 56,077 | 6.1 | 62% |
| 2019 | 655,449 | 532,029 | 123,420 | 7.8 | 49% |
| 2020 | 382,717 | 406,745 | −24,028 | 9.5 | 59% |
| 2021 | 455,570 | 429,935 | 25,635 | 9.1 | 47% |
| 2022 | 523,255 | 440,481 | 82,774 | 11.2 | 57% |
| 2023 | 483,632 | 465,601 | 18,031 | 10.4 | 60% |
In its most recent public year (2023), this organization brought in $18,031 more than it spent. Its reserves stood at about 10.4 months of spending, up from 3.2 in 2011. Staff pay was 60% 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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