Allete And Affiliated Companies Retirees Health Plan B
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 6,598,744 | 5,174,847 | 1,423,897 | 129.1 | 0% |
| 2020 | 5,027,732 | 3,824,430 | 1,203,302 | 178.5 | 0% |
| 2021 | 6,441,638 | 3,460,991 | 2,980,647 | 207.5 | 0% |
| 2022 | 3,494,775 | 3,746,451 | −251,676 | 190.9 | 0% |
| 2023 | 5,316,356 | 3,314,665 | 2,001,691 | 216.1 | 0% |
In its most recent public year (2023), this organization brought in $2,001,691 more than it spent. Its reserves stood at about 216.1 months of spending, up from 129.1 in 2019. Staff pay was 0% 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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