Operating record

Semco Energy Inc Union Veba Tr

Port Huron, MI · EIN 38-6705802 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$521,988$1,020,400−$498,412161.40%
2021$1,596,810$1,008,499$588,311168.80%
2022$839,659$995,293−$155,634131.80%
2023$722,993$839,366−$116,373165.70%

In its most recent public year (2023), this organization spent $116,373 more than it brought in. Its reserves stood at about 165.7 months of spending, up from 161.4 in 2020. Staff pay was 0% 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 ↗