Minnesota Credit Union Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,166,292 | 1,645,201 | 521,091 | 22.8 | 46% |
| 2012 | 1,785,040 | 1,872,117 | −87,077 | 19.5 | 42% |
| 2013 | 1,769,527 | 1,786,181 | −16,654 | 20.3 | 45% |
| 2014 | 1,940,199 | 1,939,744 | 455 | 18.7 | 44% |
| 2015 | 1,936,940 | 1,682,971 | 253,969 | 23.3 | 47% |
| 2016 | 2,236,206 | 1,851,457 | 384,749 | 23.7 | 49% |
| 2017 | 2,200,262 | 2,300,881 | −100,619 | 18.5 | 41% |
| 2018 | 2,527,702 | 2,105,329 | 422,373 | 22.7 | 49% |
| 2019 | 2,483,577 | 3,529,456 | −1,045,879 | 10.0 | 32% |
| 2020 | 3,095,763 | 2,697,737 | 398,026 | 14.8 | 41% |
| 2021 | 2,612,007 | 2,707,006 | −94,999 | 14.3 | 43% |
| 2022 | 3,285,374 | 3,125,713 | 159,661 | 13.0 | 42% |
| 2023 | 2,711,756 | 2,657,743 | 54,013 | 15.5 | 37% |
In its most recent public year (2023), this organization brought in $54,013 more than it spent. Its reserves stood at about 15.5 months of spending, down from 22.8 in 2011. Staff pay was 37% of spending. $1,102,171 of its net assets are donor-restricted.
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
Minnesota Credit Union Network Inc'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