Black Hills Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 22,824,665 | 19,824,791 | 2,999,874 | 16.6 | 10% |
| 2020 | 23,355,698 | 19,718,772 | 3,636,926 | 17.8 | 9% |
| 2021 | 23,022,656 | 19,702,955 | 3,319,701 | 18.6 | 9% |
| 2022 | 27,331,090 | 21,089,119 | 6,241,971 | 19.5 | 10% |
| 2023 | 24,904,597 | 21,076,110 | 3,828,487 | 20.6 | 10% |
In its most recent public year (2023), this organization brought in $3,828,487 more than it spent. Its reserves stood at about 20.6 months of spending, up from 16.6 in 2019. Staff pay was 10% 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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