Northern Electric Cooperative Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,028,666 | 22,028,666 | 0 | 10.3 | 10% |
| 2012 | 23,300,396 | 23,300,396 | 0 | 10.3 | 10% |
| 2013 | 27,151,498 | 27,151,498 | 0 | 9.3 | 9% |
| 2014 | 27,718,501 | 27,718,501 | 0 | 9.7 | 9% |
| 2015 | 26,106,904 | 26,106,904 | 0 | 10.6 | 10% |
| 2016 | 28,028,317 | 28,028,317 | 0 | 10.6 | 9% |
| 2017 | 29,893,159 | 29,893,159 | 0 | 10.8 | 9% |
| 2018 | 31,354,924 | 31,354,924 | 0 | 11.4 | 8% |
| 2019 | 29,671,593 | 29,671,593 | 0 | 12.6 | 10% |
| 2020 | 29,815,677 | 29,815,677 | 0 | 12.8 | 10% |
| 2021 | 30,596,748 | 30,596,748 | 0 | 13.0 | 10% |
| 2022 | 30,719,297 | 30,719,297 | 0 | 13.7 | 11% |
| 2023 | 30,345,133 | 30,345,133 | 0 | 14.4 | 11% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 14.4 months of spending, up from 10.3 in 2011. Staff pay was 11% 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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