Tremont Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,063,153 | 8,506,754 | −443,601 | 28.5 | 27% |
| 2012 | 7,343,956 | 7,325,476 | 18,480 | 32.8 | 26% |
| 2013 | 6,823,944 | 7,005,711 | −181,767 | 34.3 | 31% |
| 2014 | 7,126,060 | 6,805,968 | 320,092 | 35.5 | 11% |
| 2015 | 7,134,194 | 6,455,042 | 679,152 | 37.9 | 13% |
| 2016 | 7,443,648 | 6,329,457 | 1,114,191 | 39.5 | 14% |
| 2017 | 8,534,778 | 7,406,001 | 1,128,777 | 36.3 | 12% |
| 2018 | 9,292,143 | 8,071,440 | 1,220,703 | 34.5 | 13% |
| 2019 | 10,236,397 | 9,006,691 | 1,229,706 | 33.5 | 11% |
| 2020 | 9,193,968 | 8,940,771 | 253,197 | 34.8 | 15% |
| 2021 | 9,907,662 | 9,307,134 | 600,528 | 33.7 | 13% |
| 2022 | 11,136,951 | 10,636,902 | 500,049 | 24.9 | 29% |
| 2023 | 13,953,932 | 14,056,144 | −102,212 | 18.7 | 22% |
In its most recent public year (2023), this organization spent $102,212 more than it brought in. Its reserves stood at about 18.7 months of spending, down from 28.5 in 2011. Staff pay was 22% 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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