Blue Earth Nicollet Faribault Cooperative Electric Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,808,143 | 28,730,701 | 1,077,442 | 10.8 | 9% |
| 2012 | 31,871,359 | 31,676,989 | 194,370 | 10.4 | 1% |
| 2013 | 34,022,997 | 34,198,254 | −175,257 | 10.1 | 1% |
| 2014 | 35,983,515 | 34,578,146 | 1,405,369 | 10.7 | 1% |
| 2015 | 37,523,277 | 37,013,614 | 509,663 | 10.5 | 1% |
| 2016 | 46,169,037 | 45,090,516 | 1,078,521 | 9.1 | 1% |
| 2017 | 47,637,148 | 44,359,862 | 3,277,286 | 10.1 | 2% |
| 2018 | 49,021,122 | 46,161,223 | 2,859,899 | 10.5 | 2% |
| 2019 | 48,217,093 | 46,500,780 | 1,716,313 | 10.9 | 2% |
| 2020 | 45,959,324 | 44,518,043 | 1,441,281 | 12.0 | 2% |
| 2021 | 49,683,649 | 45,893,377 | 3,790,272 | 12.6 | 2% |
| 2022 | 53,795,371 | 53,777,621 | 17,750 | 11.7 | 2% |
| 2023 | 53,900,086 | 53,860,781 | 39,305 | 12.8 | 1% |
In its most recent public year (2023), this organization brought in $39,305 more than it spent. Its reserves stood at about 12.8 months of spending, up from 10.8 in 2011. Staff pay was 1% 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
Blue Earth Nicollet Faribault Cooperative Electric Association'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