Minnco Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 11,377,106 | 10,539,901 | 837,205 | 18.7 | 26% |
| 2012 | 11,219,897 | 9,524,184 | 1,695,713 | 22.8 | 30% |
| 2013 | 10,754,404 | 9,033,134 | 1,721,270 | 26.2 | 33% |
| 2014 | 10,874,743 | 9,144,420 | 1,730,323 | 28.4 | 34% |
| 2015 | 11,167,043 | 8,854,753 | 2,312,290 | 32.3 | 36% |
| 2016 | 11,675,677 | 9,634,926 | 2,040,751 | 31.8 | 34% |
| 2017 | 12,945,122 | 9,872,565 | 3,072,557 | 34.7 | 35% |
| 2018 | 14,022,008 | 11,378,178 | 2,643,830 | 32.1 | 32% |
| 2019 | 14,367,472 | 12,197,463 | 2,170,009 | 33.9 | 32% |
| 2020 | 16,147,841 | 13,731,181 | 2,416,660 | 33.5 | 32% |
| 2021 | 17,267,094 | 12,109,434 | 5,157,660 | 40.2 | 35% |
| 2022 | 18,225,983 | 13,370,723 | 4,855,260 | 23.8 | 36% |
| 2023 | 22,040,179 | 18,958,431 | 3,081,748 | 19.9 | 28% |
In its most recent public year (2023), this organization brought in $3,081,748 more than it spent. Its reserves stood at about 19.9 months of spending, up from 18.7 in 2011. Staff pay was 28% 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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