Upper Peninsula Power Company Union Veba Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 748,047 | 2,057,122 | −1,309,075 | 132.7 | 0% |
| 2017 | 800,805 | 1,496,762 | −695,957 | 193.6 | 0% |
| 2018 | 986,682 | 1,344,663 | −357,981 | 199.8 | 0% |
| 2019 | 1,294,861 | 1,307,879 | −13,018 | 232.8 | 0% |
| 2020 | 1,746,035 | 1,164,443 | 581,592 | 289.5 | 0% |
| 2021 | 1,405,120 | 897,912 | 507,208 | 401.5 | 0% |
| 2022 | 1,025,350 | 909,264 | 116,086 | 316.7 | 0% |
| 2023 | 707,425 | 764,947 | −57,522 | 407.8 | 0% |
In its most recent public year (2023), this organization spent $57,522 more than it brought in. Its reserves stood at about 407.8 months of spending, up from 132.7 in 2015. Staff pay was 0% 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
Upper Peninsula Power Company Union Veba Trust'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