Midland Power Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 33,095,868 | 33,095,864 | 4 | 10.1 | 1% |
| 2012 | 36,364,761 | 35,077,266 | 1,287,495 | 10.2 | 1% |
| 2013 | 45,609,057 | 43,804,040 | 1,805,017 | 10.5 | 1% |
| 2014 | 45,648,559 | 44,053,091 | 1,595,468 | 11.0 | 1% |
| 2015 | 46,437,526 | 43,875,694 | 2,561,832 | 11.8 | 1% |
| 2016 | 49,620,800 | 47,059,063 | 2,561,737 | 12.1 | 1% |
| 2017 | 54,053,998 | 51,235,893 | 2,818,105 | 12.1 | 5% |
| 2018 | 56,414,515 | 52,543,908 | 3,870,607 | 13.4 | 5% |
| 2019 | 52,341,800 | 49,342,072 | 2,999,728 | 15.4 | 4% |
| 2020 | 52,323,217 | 49,322,524 | 3,000,693 | 16.4 | 5% |
| 2021 | 53,511,137 | 51,159,361 | 2,351,776 | 16.6 | 5% |
| 2022 | 57,765,405 | 54,339,214 | 3,426,191 | 16.9 | 5% |
| 2023 | 57,409,878 | 54,154,849 | 3,255,029 | 18.0 | 5% |
In its most recent public year (2023), this organization brought in $3,255,029 more than it spent. Its reserves stood at about 18 months of spending, up from 10.1 in 2011. 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
Midland Power Cooperative'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