everyledgerAn index of 587,017 U.S. nonprofits · computed from public IRS filings · current through 2024

Arrowhead Electric Cooperative Inc

Lutsen, MN / EIN 41-0735682 / Form 990 / latest filing 2023
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
20118,798,5638,136,938661,62514.33%
20128,674,4157,804,924869,49116.54%
20139,067,9758,517,371550,60415.94%
201410,126,1139,080,5961,045,51716.310%
20159,979,3249,913,09866,22614.68%
201611,005,04612,382,223−1,377,17710.42%
201712,694,96511,868,175826,79012.02%
201813,169,28112,385,480783,80112.33%
201913,747,09413,201,033546,06111.73%
202013,807,55013,097,189710,36111.63%
202114,697,45213,258,1701,439,28213.73%
202216,310,48913,793,5562,516,93316.13%
202317,446,97114,351,9993,094,97218.14%

In its most recent public year (2023), this organization brought in $3,094,972 more than it spent. Its reserves stood at about 18.1 months of spending, up from 14.3 in 2011. Staff pay was 4% 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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