Flint Electric Membership Corporation Veba Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 402,807 | 179,379 | 223,428 | 422.7 | 14% |
| 2012 | 325,257 | 193,994 | 131,263 | 399.0 | 13% |
| 2013 | 358,315 | 200,281 | 158,034 | 395.9 | 13% |
| 2014 | 336,443 | 223,548 | 112,895 | 360.8 | 12% |
| 2015 | 1,276,235 | 246,793 | 1,029,442 | 376.8 | 11% |
| 2016 | 539,616 | 261,465 | 278,151 | 368.5 | 12% |
| 2017 | 724,002 | 273,323 | 450,679 | 372.3 | 14% |
| 2018 | 747,614 | 292,032 | 455,582 | 367.1 | 18% |
| 2019 | 1,026,435 | 298,132 | 728,303 | 388.9 | 19% |
| 2020 | 1,109,178 | 298,910 | 810,268 | 420.4 | 20% |
| 2021 | 862,504 | 298,736 | 563,768 | 443.3 | 22% |
| 2022 | 133,397 | 286,112 | −152,715 | 405.8 | 21% |
| 2023 | 508,928 | 279,118 | 229,810 | 451.7 | 21% |
In its most recent public year (2023), this organization brought in $229,810 more than it spent. Its reserves stood at about 451.7 months of spending, up from 422.7 in 2011. Staff pay was 21% 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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