Heartland Rural Electric Membership Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 2,813,592 | 2,929,396 | −115,804 | 238.9 | 21% |
| 2015 | 19,507,727 | 16,667,978 | 2,839,749 | 44.0 | 22% |
| 2016 | 19,725,095 | 16,880,258 | 2,844,837 | 45.3 | 23% |
| 2017 | 20,853,759 | 17,129,546 | 3,724,213 | 47.4 | 22% |
| 2018 | 22,861,176 | 17,796,799 | 5,064,377 | 48.8 | 22% |
| 2019 | 22,867,993 | 18,224,299 | 4,643,694 | 48.4 | 22% |
| 2020 | 24,464,635 | 18,785,049 | 5,679,586 | 49.8 | 22% |
| 2021 | 23,868,084 | 19,354,937 | 4,513,147 | 50.4 | 22% |
| 2022 | 27,240,056 | 21,275,471 | 5,964,585 | 49.8 | 21% |
| 2023 | 84,024,790 | 77,013,511 | 7,011,279 | 14.7 | 0% |
In its most recent public year (2023), this organization brought in $7,011,279 more than it spent. Its reserves stood at about 14.7 months of spending, down from 238.9 in 2014. 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
Heartland Rural Electric Membership 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