Franklin Electric Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 7,697,169 | 6,861,518 | 835,651 | 30.7 | 3% |
| 2013 | 7,891,715 | 6,583,375 | 1,308,340 | 34.4 | 3% |
| 2014 | 8,305,232 | 6,522,848 | 1,782,384 | 38.0 | 4% |
| 2015 | 7,622,080 | 6,868,231 | 753,849 | 36.3 | 4% |
| 2016 | 7,616,944 | 7,094,536 | 522,408 | 34.4 | 4% |
| 2017 | 8,117,979 | 7,456,651 | 661,328 | 34.1 | 4% |
| 2018 | 8,115,906 | 7,169,777 | 946,129 | 38.1 | 4% |
| 2019 | 7,987,201 | 7,776,030 | 211,171 | 34.0 | 4% |
| 2020 | 8,369,236 | 7,567,989 | 801,247 | 36.2 | 3% |
| 2021 | 9,163,216 | 7,839,225 | 1,323,991 | 37.4 | 3% |
| 2022 | 9,493,610 | 8,704,785 | 788,825 | 36.0 | 3% |
| 2023 | 9,985,158 | 9,426,652 | 558,506 | 34.9 | 3% |
| 2024 | 10,500,578 | 8,763,007 | 1,737,571 | 40.4 | 3% |
In its most recent public year (2024), this organization brought in $1,737,571 more than it spent. Its reserves stood at about 40.4 months of spending, up from 30.7 in 2012. Staff pay was 3% 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 2024. 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
Franklin Electric Cooperative's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works