Western Iowa Power Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 14,977,901 | 14,436,899 | 541,002 | 20.9 | 3% |
| 2021 | 13,900,193 | 13,206,130 | 694,063 | 24.5 | 3% |
| 2022 | 14,883,426 | 14,032,557 | 850,869 | 24.2 | 2% |
| 2023 | 15,274,054 | 14,226,542 | 1,047,512 | 25.0 | 3% |
In its most recent public year (2023), this organization brought in $1,047,512 more than it spent. Its reserves stood at about 25 months of spending, up from 20.9 in 2020. Staff pay was 3% 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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