Southwest Tennessee Electric Membership Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 113,005,118 | 109,935,768 | 3,069,350 | 6.6 | 8% |
| 2012 | 113,919,226 | 104,851,293 | 9,067,933 | 8.0 | 8% |
| 2013 | 109,705,298 | 107,753,112 | 1,952,186 | 8.0 | 8% |
| 2014 | 110,839,622 | 107,424,199 | 3,415,423 | 8.4 | 8% |
| 2015 | 109,272,538 | 106,660,684 | 2,611,854 | 8.7 | 8% |
| 2016 | 105,443,407 | 102,734,622 | 2,708,785 | 9.4 | 8% |
| 2017 | 111,974,774 | 107,086,230 | 4,888,544 | 9.6 | 9% |
| 2018 | 113,063,592 | 107,868,518 | 5,195,074 | 10.1 | 8% |
| 2019 | 114,933,234 | 108,833,026 | 6,100,208 | 10.6 | 8% |
| 2020 | 110,967,339 | 108,683,166 | 2,284,173 | 10.9 | 9% |
| 2021 | 111,377,941 | 103,171,914 | 8,206,027 | 12.5 | 10% |
| 2022 | 121,626,016 | 112,872,113 | 8,753,903 | 12.3 | 10% |
| 2023 | 132,788,370 | 124,196,770 | 8,591,600 | 12.0 | 9% |
In its most recent public year (2023), this organization brought in $8,591,600 more than it spent. Its reserves stood at about 12 months of spending, up from 6.6 in 2011. Staff pay was 9% 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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