Gulf Coast Electric Coop Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 47,295,363 | 43,225,957 | 4,069,406 | 8.6 | 1% |
| 2012 | 47,234,853 | 43,189,519 | 4,045,334 | 9.7 | 1% |
| 2013 | 46,790,939 | 44,120,446 | 2,670,493 | 10.2 | 1% |
| 2014 | 48,656,556 | 46,009,507 | 2,647,049 | 10.3 | 5% |
| 2015 | 48,174,167 | 44,705,793 | 3,468,374 | 11.5 | 6% |
| 2016 | 47,364,682 | 44,322,432 | 3,042,250 | 12.3 | 2% |
| 2017 | 48,016,969 | 45,965,531 | 2,051,438 | 12.4 | 2% |
| 2018 | 48,596,277 | 45,836,641 | 2,759,636 | 13.1 | 1% |
| 2019 | 50,893,126 | 48,656,522 | 2,236,604 | 12.8 | 2% |
| 2020 | 55,070,890 | 47,176,519 | 7,894,371 | 15.2 | 3% |
| 2021 | 58,878,465 | 49,114,306 | 9,764,159 | 17.0 | 3% |
| 2022 | 58,628,084 | 55,115,909 | 3,512,175 | 15.9 | 3% |
| 2023 | 64,847,113 | 60,240,049 | 4,607,064 | 15.5 | 3% |
In its most recent public year (2023), this organization brought in $4,607,064 more than it spent. Its reserves stood at about 15.5 months of spending, up from 8.6 in 2011. Staff pay was 3% 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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