Horizon Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,213,506 | 3,288,338 | −74,832 | 15.1 | 35% |
| 2021 | 3,441,491 | 2,700,805 | 740,686 | 21.6 | 40% |
| 2022 | 3,788,300 | 2,733,501 | 1,054,799 | 26.0 | 40% |
| 2023 | 3,526,732 | 2,898,668 | 628,064 | 26.4 | 39% |
In its most recent public year (2023), this organization brought in $628,064 more than it spent. Its reserves stood at about 26.4 months of spending, up from 15.1 in 2020. Staff pay was 39% 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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