Lake Trust Credit Union Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 65,313 | 32,516 | 32,797 | 12.1 | — |
| 2014 | 43,449 | 37,511 | 5,938 | 10.5 | — |
| 2015 | 52,680 | 33,007 | 19,673 | 21.2 | — |
| 2016 | 72,773 | 65,520 | 7,253 | 12.0 | — |
| 2017 | 133,505 | 27,054 | 106,451 | 76.3 | — |
| 2018 | 168,976 | 66,546 | 102,430 | 49.5 | 0% |
| 2019 | 209,230 | 84,109 | 125,121 | 57.0 | 0% |
| 2020 | 237,623 | 91,822 | 145,801 | 71.3 | 0% |
| 2021 | 344,615 | 126,188 | 218,427 | 72.6 | 0% |
| 2022 | 261,044 | 268,770 | −7,726 | 33.8 | 0% |
| 2023 | 375,055 | 180,336 | 194,719 | 64.9 | 0% |
In its most recent public year (2023), this organization brought in $194,719 more than it spent. Its reserves stood at about 64.9 months of spending, up from 12.1 in 2013. Staff pay was 0% of spending. $32,997 of its net assets are donor-restricted.
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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