Washington Island Electric Co-Op Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,499,199 | 1,470,520 | 28,679 | 14.9 | 14% |
| 2012 | 1,431,249 | 1,545,527 | −114,278 | 13.3 | 17% |
| 2013 | 1,554,509 | 1,663,004 | −108,495 | 11.5 | 14% |
| 2014 | 1,685,202 | 1,682,634 | 2,568 | 11.3 | 14% |
| 2015 | 1,781,311 | 1,628,938 | 152,373 | 12.6 | 13% |
| 2016 | 1,743,535 | 1,617,350 | 126,185 | 13.7 | 14% |
| 2017 | 1,789,152 | 1,613,205 | 175,947 | 15.0 | 14% |
| 2018 | 1,849,533 | 1,765,460 | 84,073 | 14.1 | 15% |
| 2019 | 2,119,011 | 1,824,185 | 294,826 | 15.6 | 17% |
| 2020 | 1,933,530 | 1,711,455 | 222,075 | 17.2 | 16% |
| 2021 | 1,881,211 | 1,871,820 | 9,391 | 15.6 | 15% |
| 2022 | 2,133,742 | 2,091,687 | 42,055 | 14.2 | 16% |
| 2023 | 2,203,803 | 2,283,732 | −79,929 | 12.3 | 15% |
In its most recent public year (2023), this organization spent $79,929 more than it brought in. Its reserves stood at about 12.3 months of spending, down from 14.9 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
Washington Island Electric Co-Op Inc'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