Mcdowell Cornerstone Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,039,097 | 1,039,097 | 0 | 52.1 | 22% |
| 2012 | 986,315 | 895,815 | 90,500 | 61.7 | 35% |
| 2013 | 938,010 | 788,419 | 149,591 | 72.4 | 40% |
| 2014 | 864,636 | 825,378 | 39,258 | 69.7 | 0% |
| 2015 | 830,123 | 814,913 | 15,210 | 70.8 | 42% |
| 2016 | 827,126 | 827,055 | 71 | 69.8 | 41% |
| 2017 | 931,888 | 821,234 | 110,654 | 71.9 | 43% |
| 2018 | 1,004,435 | 781,709 | 222,726 | 79.0 | 36% |
| 2019 | 1,052,127 | 811,668 | 240,459 | 79.6 | 36% |
| 2020 | 857,545 | 785,065 | 72,480 | 83.4 | 38% |
| 2021 | 750,086 | 726,121 | 23,965 | 90.6 | 39% |
| 2022 | 941,300 | 821,846 | 119,454 | 81.8 | 37% |
| 2023 | 1,351,692 | 1,251,692 | 100,000 | 54.2 | 35% |
In its most recent public year (2023), this organization brought in $100,000 more than it spent. Its reserves stood at about 54.2 months of spending, up from 52.1 in 2011. Staff pay was 35% 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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