Iowa Lakes Electric Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 58,781,676 | 53,746,039 | 5,035,637 | 12.5 | 1% |
| 2012 | 60,667,330 | 56,006,549 | 4,660,781 | 13.1 | 2% |
| 2013 | 66,701,045 | 61,516,113 | 5,184,932 | 13.0 | 1% |
| 2014 | 68,012,018 | 62,780,452 | 5,231,566 | 13.8 | 1% |
| 2015 | 65,605,977 | 60,671,863 | 4,934,114 | 15.4 | 2% |
| 2016 | 71,289,578 | 64,959,890 | 6,329,688 | 16.0 | 1% |
| 2017 | 70,735,322 | 66,763,243 | 3,972,079 | 16.4 | 1% |
| 2018 | 76,355,354 | 68,602,435 | 7,752,919 | 17.6 | 2% |
| 2019 | 73,512,821 | 69,869,310 | 3,643,511 | 18.1 | 2% |
| 2020 | 65,953,608 | 63,418,433 | 2,535,175 | 20.5 | 2% |
| 2021 | 68,291,822 | 65,777,836 | 2,513,986 | 20.4 | 2% |
| 2022 | 73,260,940 | 67,916,375 | 5,344,565 | 21.0 | 3% |
| 2023 | 73,826,421 | 67,867,720 | 5,958,701 | 22.1 | 2% |
In its most recent public year (2023), this organization brought in $5,958,701 more than it spent. Its reserves stood at about 22.1 months of spending, up from 12.5 in 2011. Staff pay was 2% 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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