North Itasca Electric Coop Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,158,161 | 7,276,917 | −118,756 | 15.8 | 17% |
| 2012 | 7,327,534 | 7,355,671 | −28,137 | 15.7 | 18% |
| 2014 | 8,495,520 | 8,487,886 | 7,634 | 14.6 | 5% |
| 2015 | 7,690,612 | 7,684,231 | 6,381 | 16.0 | 5% |
| 2016 | 8,397,118 | 8,641,400 | −244,282 | 13.9 | 4% |
| 2017 | 8,712,856 | 8,704,443 | 8,413 | 14.2 | 17% |
| 2018 | 8,820,350 | 8,567,083 | 253,267 | 15.1 | 16% |
| 2019 | 8,933,222 | 8,933,157 | 65 | 14.6 | 16% |
| 2020 | 8,922,668 | 8,900,682 | 21,986 | 14.9 | 5% |
| 2021 | 9,276,458 | 9,283,962 | −7,504 | 14.7 | 5% |
| 2022 | 9,342,322 | 9,343,985 | −1,663 | 14.9 | 5% |
| 2023 | 9,326,357 | 9,326,357 | 0 | 15.3 | 5% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 15.3 months of spending. Staff pay was 5% 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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