Grundy Electric Cooperative Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 12,746,344 | 12,516,386 | 229,958 | 13.8 | 0% |
| 2012 | 12,948,105 | 12,945,653 | 2,452 | 13.6 | 0% |
| 2013 | 14,137,178 | 14,145,766 | −8,588 | 13.1 | 0% |
| 2014 | 13,377,502 | 13,359,473 | 18,029 | 14.8 | 0% |
| 2015 | 13,776,114 | 13,260,596 | 515,518 | 15.3 | 1% |
| 2016 | 14,132,350 | 13,374,957 | 757,393 | 15.9 | 1% |
| 2017 | 14,027,591 | 13,591,117 | 436,474 | 16.0 | 3% |
| 2018 | 15,126,532 | 14,550,005 | 576,527 | 15.4 | 3% |
| 2019 | 15,291,620 | 14,412,119 | 879,501 | 16.1 | 4% |
| 2020 | 15,036,775 | 14,399,706 | 637,069 | 16.7 | 3% |
| 2021 | 15,893,740 | 14,426,514 | 1,467,226 | 17.2 | 3% |
| 2022 | 15,443,021 | 15,229,274 | 213,747 | 16.7 | 3% |
| 2023 | 14,845,781 | 14,498,315 | 347,466 | 18.4 | 4% |
In its most recent public year (2023), this organization brought in $347,466 more than it spent. Its reserves stood at about 18.4 months of spending, up from 13.8 in 2011. Staff pay was 4% 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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