Southern Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 966,586 | 1,009,662 | −43,076 | 32.1 | 34% |
| 2012 | 970,554 | 938,010 | 32,544 | 35.0 | 35% |
| 2013 | 990,454 | 946,849 | 43,605 | 35.2 | 33% |
| 2014 | 957,480 | 898,482 | 58,998 | 37.9 | 40% |
| 2015 | 930,597 | 910,006 | 20,591 | 37.7 | 34% |
| 2016 | 890,940 | 882,829 | 8,111 | 39.0 | 35% |
| 2017 | 874,304 | 843,652 | 30,652 | 41.2 | 36% |
| 2018 | 909,682 | 897,582 | 12,100 | 38.9 | 35% |
| 2019 | 909,309 | 884,563 | 24,746 | 39.8 | 36% |
| 2020 | 727,539 | 815,803 | −88,264 | 41.8 | 38% |
| 2021 | 750,608 | 744,924 | 5,684 | 46.0 | 41% |
| 2022 | 762,172 | 809,766 | −47,594 | 42.2 | 34% |
| 2023 | 452,172 | 902,710 | −450,538 | 31.8 | 31% |
In its most recent public year (2023), this organization spent $450,538 more than it brought in. Its reserves stood at about 31.8 months of spending. Staff pay was 31% 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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