Verendrye Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 56,396,882 | 55,008,783 | 1,388,099 | 11.4 | 12% |
| 2020 | 54,692,036 | 53,688,998 | 1,003,038 | 12.2 | 12% |
| 2021 | 53,998,395 | 51,976,938 | 2,021,457 | 13.6 | 13% |
| 2022 | 58,253,353 | 56,817,444 | 1,435,909 | 13.4 | 13% |
| 2023 | 58,329,631 | 56,474,366 | 1,855,265 | 14.6 | 13% |
In its most recent public year (2023), this organization brought in $1,855,265 more than it spent. Its reserves stood at about 14.6 months of spending, up from 11.4 in 2019. Staff pay was 13% 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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