Minnesota Power Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,921,701 | 3,302,266 | 619,435 | 51.2 | 31% |
| 2012 | 3,471,135 | 2,955,531 | 515,604 | 58.9 | 35% |
| 2013 | 3,438,195 | 3,074,518 | 363,677 | 56.4 | 36% |
| 2014 | 3,465,476 | 3,114,811 | 350,665 | 57.4 | 40% |
| 2015 | 3,556,837 | 3,124,059 | 432,778 | 58.4 | 42% |
| 2016 | 3,806,464 | 3,466,113 | 340,351 | 53.7 | 37% |
| 2017 | 3,924,545 | 3,678,740 | 245,805 | 51.6 | 37% |
| 2018 | 4,231,614 | 3,972,181 | 259,433 | 48.4 | 31% |
| 2019 | 4,455,132 | 3,916,924 | 538,208 | 51.7 | 31% |
| 2020 | 4,065,026 | 3,719,766 | 345,260 | 55.9 | 33% |
| 2021 | 4,364,671 | 4,085,794 | 278,877 | 50.2 | 30% |
| 2022 | 5,060,015 | 4,086,098 | 973,917 | 40.6 | 31% |
| 2023 | 6,860,848 | 5,846,752 | 1,014,096 | 30.7 | 24% |
In its most recent public year (2023), this organization brought in $1,014,096 more than it spent. Its reserves stood at about 30.7 months of spending, down from 51.2 in 2011. Staff pay was 24% 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
Minnesota Power Employees Credit Union'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