Midwest Electric Cooperative Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 24,422,116 | 24,422,116 | 0 | 16.5 | 0% |
| 2012 | 31,527,268 | 31,527,268 | 0 | 13.3 | 0% |
| 2013 | 29,958,194 | 29,958,194 | 0 | 14.5 | 0% |
| 2014 | 27,415,630 | 27,545,483 | −129,853 | 16.1 | 8% |
| 2015 | 27,118,744 | 27,175,427 | −56,683 | 16.7 | 8% |
| 2016 | 29,579,826 | 28,523,968 | 1,055,858 | 16.7 | 8% |
| 2017 | 30,744,467 | 29,440,431 | 1,304,036 | 17.0 | 8% |
| 2018 | 26,333,721 | 26,701,085 | −367,364 | 19.0 | 9% |
| 2019 | 26,890,805 | 27,601,218 | −710,413 | 18.6 | 9% |
| 2020 | 31,923,133 | 32,866,021 | −942,888 | 15.6 | 8% |
| 2021 | 30,806,010 | 31,794,142 | −988,132 | 16.2 | 8% |
| 2022 | 35,694,791 | 37,039,098 | −1,344,307 | 13.8 | 8% |
| 2023 | 31,110,814 | 30,044,432 | 1,066,382 | 17.5 | 10% |
In its most recent public year (2023), this organization brought in $1,066,382 more than it spent. Its reserves stood at about 17.5 months of spending. 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
Midwest Electric Cooperative Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works