Southern Maryland Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 454,313,689 | 451,388,011 | 2,925,678 | 3.5 | 9% |
| 2012 | 427,245,965 | 423,721,105 | 3,524,860 | 3.4 | 10% |
| 2013 | 466,658,154 | 463,442,374 | 3,215,780 | 4.2 | 9% |
| 2014 | 490,075,132 | 488,569,470 | 1,505,662 | 3.1 | 9% |
| 2015 | 451,681,439 | 447,187,007 | 4,494,432 | 3.6 | 11% |
| 2016 | 447,786,039 | 437,789,681 | 9,996,358 | 4.1 | 11% |
| 2017 | 430,492,755 | 426,250,912 | 4,241,843 | 5.2 | 12% |
| 2018 | 472,543,814 | 468,940,417 | 3,603,397 | 5.3 | 11% |
| 2019 | 459,796,369 | 455,338,791 | 4,457,578 | 6.0 | 11% |
| 2020 | 421,088,627 | 417,143,719 | 3,944,908 | 7.4 | 12% |
| 2021 | 461,053,058 | 455,327,370 | 5,725,688 | 7.8 | 11% |
| 2022 | 558,196,918 | 551,662,359 | 6,534,559 | 6.9 | 10% |
| 2023 | 482,120,622 | 479,551,762 | 2,568,860 | 7.8 | 12% |
In its most recent public year (2023), this organization brought in $2,568,860 more than it spent. Its reserves stood at about 7.8 months of spending, up from 3.5 in 2011. Staff pay was 12% 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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