Howard Electric Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,704,033 | 5,764,672 | −60,639 | 18.4 | 14% |
| 2012 | 5,776,789 | 5,765,666 | 11,123 | 18.8 | 0% |
| 2013 | 6,331,749 | 6,331,749 | 0 | 18.1 | 0% |
| 2014 | 6,554,483 | 6,554,483 | 0 | 18.3 | 0% |
| 2015 | 6,362,421 | 6,362,421 | 0 | 19.1 | 1% |
| 2016 | 6,743,296 | 6,302,066 | 441,230 | 20.1 | 1% |
| 2017 | 6,785,275 | 6,658,795 | 126,480 | 19.2 | 4% |
| 2018 | 8,551,597 | 7,177,763 | 1,373,834 | 18.9 | 4% |
| 2019 | 7,966,057 | 7,430,515 | 535,542 | 18.9 | 6% |
| 2020 | 7,850,430 | 7,674,042 | 176,388 | 18.7 | 6% |
| 2021 | 7,815,337 | 7,759,591 | 55,746 | 18.7 | 6% |
| 2022 | 8,108,424 | 7,957,567 | 150,857 | 18.9 | 5% |
| 2023 | 8,918,400 | 8,082,805 | 835,595 | 19.9 | 5% |
In its most recent public year (2023), this organization brought in $835,595 more than it spent. Its reserves stood at about 19.9 months of spending, up from 18.4 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
Howard Electric 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