South Alabama Electric Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 46,160,958 | 45,926,437 | 234,521 | 17.9 | 1% |
| 2021 | 49,282,613 | 49,282,613 | 0 | 17.4 | 1% |
| 2022 | 53,297,437 | 53,297,437 | 0 | 16.2 | 1% |
| 2023 | 55,703,765 | 58,703,765 | −3,000,000 | 15.4 | 1% |
In its most recent public year (2023), this organization spent $3,000,000 more than it brought in. Its reserves stood at about 15.4 months of spending, down from 17.9 in 2020. Staff pay was 1% 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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