Bowater Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,573,362 | 9,049,400 | 523,962 | 21.5 | 27% |
| 2021 | 9,965,826 | 8,573,725 | 1,392,101 | 24.6 | 30% |
| 2022 | 12,161,157 | 9,674,319 | 2,486,838 | 24.9 | 30% |
| 2023 | 15,164,063 | 12,148,612 | 3,015,451 | 22.4 | 27% |
In its most recent public year (2023), this organization brought in $3,015,451 more than it spent. Its reserves stood at about 22.4 months of spending. Staff pay was 27% 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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