Lake Region Electric Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 45,452,627 | 44,023,499 | 1,429,128 | 10.6 | 13% |
| 2012 | 46,284,257 | 45,520,418 | 763,839 | 10.1 | 14% |
| 2013 | 50,608,363 | 49,298,706 | 1,309,657 | 10.1 | 12% |
| 2014 | 50,993,771 | 49,830,053 | 1,163,718 | 10.7 | 12% |
| 2015 | 48,582,410 | 47,726,829 | 855,581 | 11.6 | 13% |
| 2016 | 50,369,363 | 47,875,014 | 2,494,349 | 12.2 | 13% |
| 2017 | 51,816,391 | 50,386,361 | 1,430,030 | 12.2 | 13% |
| 2018 | 53,098,198 | 52,227,006 | 871,192 | 12.5 | 13% |
| 2019 | 54,521,367 | 52,690,971 | 1,830,396 | 13.3 | 13% |
| 2020 | 56,807,518 | 53,918,082 | 2,889,436 | 14.0 | 12% |
| 2021 | 56,997,078 | 55,395,963 | 1,601,115 | 14.3 | 12% |
| 2022 | 56,475,666 | 56,200,321 | 275,345 | 14.4 | 1% |
| 2023 | 57,227,491 | 56,773,094 | 454,397 | 14.6 | 2% |
In its most recent public year (2023), this organization brought in $454,397 more than it spent. Its reserves stood at about 14.6 months of spending, up from 10.6 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
Lake Region Electric Cooperative'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