Goodhue County Cooperative Electric Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,696,226 | 10,661,808 | 34,418 | 11.0 | 3% |
| 2012 | 11,387,592 | 11,353,227 | 34,365 | 10.9 | 3% |
| 2013 | 12,308,005 | 12,284,684 | 23,321 | 10.7 | 3% |
| 2014 | 13,041,345 | 13,018,924 | 22,421 | 10.7 | 2% |
| 2015 | 11,967,910 | 11,917,291 | 50,619 | 11.9 | 2% |
| 2016 | 12,552,771 | 12,509,124 | 43,647 | 11.6 | 2% |
| 2017 | 12,932,656 | 12,872,214 | 60,442 | 11.5 | 2% |
| 2018 | 13,080,142 | 13,054,298 | 25,844 | 11.5 | 2% |
| 2019 | 13,229,544 | 13,237,352 | −7,808 | 11.5 | 2% |
| 2020 | 13,012,858 | 13,024,616 | −11,758 | 11.8 | 2% |
| 2021 | 13,959,115 | 13,410,963 | 548,152 | 12.1 | 2% |
| 2022 | 13,694,063 | 13,651,337 | 42,726 | 12.1 | 2% |
| 2023 | 14,034,549 | 13,964,921 | 69,628 | 12.3 | 2% |
In its most recent public year (2023), this organization brought in $69,628 more than it spent. Its reserves stood at about 12.3 months of spending, up from 11 in 2011. Staff pay was 2% 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
Goodhue County 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