Red Wing Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,675,685 | 2,253,907 | 421,778 | 36.5 | 25% |
| 2012 | 2,571,573 | 2,145,274 | 426,299 | 40.8 | 27% |
| 2013 | 2,590,560 | 2,138,306 | 452,254 | 43.1 | 28% |
| 2014 | 2,857,075 | 2,255,413 | 601,662 | 44.8 | 29% |
| 2015 | 3,007,118 | 2,400,744 | 606,374 | 45.0 | 32% |
| 2016 | 3,456,468 | 2,628,553 | 827,915 | 42.7 | 30% |
| 2017 | 3,845,911 | 2,930,788 | 915,123 | 42.5 | 31% |
| 2018 | 4,425,477 | 3,130,066 | 1,295,411 | 43.9 | 28% |
| 2019 | 5,016,069 | 3,689,183 | 1,326,886 | 43.2 | 30% |
| 2020 | 5,317,724 | 4,104,954 | 1,212,770 | 42.9 | 8% |
| 2021 | 6,055,194 | 4,259,917 | 1,795,277 | 44.6 | 31% |
| 2022 | 6,740,657 | 4,406,546 | 2,334,111 | 34.4 | 33% |
| 2023 | 7,704,785 | 5,888,288 | 1,816,497 | 32.1 | 26% |
In its most recent public year (2023), this organization brought in $1,816,497 more than it spent. Its reserves stood at about 32.1 months of spending, down from 36.5 in 2011. Staff pay was 26% 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
Red Wing 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