Heritage South Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 4,531,970 | 4,122,549 | 409,421 | 31.0 | 31% |
| 2013 | 4,673,883 | 4,297,784 | 376,099 | 29.1 | 33% |
| 2014 | 5,307,030 | 5,019,472 | 287,558 | 25.7 | 31% |
| 2015 | 5,715,415 | 5,435,815 | 279,600 | 24.3 | 31% |
| 2016 | 6,500,822 | 5,972,069 | 528,753 | 22.0 | 29% |
| 2017 | 7,051,988 | 6,361,078 | 690,910 | 21.9 | 29% |
| 2018 | 7,734,067 | 7,813,228 | −79,161 | 17.8 | 25% |
| 2019 | 8,427,303 | 7,935,396 | 491,907 | 18.1 | 28% |
| 2020 | 8,549,369 | 7,973,339 | 576,030 | 18.5 | 28% |
| 2021 | 8,672,774 | 7,904,291 | 768,483 | 20.0 | 29% |
| 2022 | 9,575,524 | 8,587,673 | 987,851 | 17.9 | 31% |
| 2023 | 11,239,124 | 10,274,103 | 965,021 | 16.7 | 27% |
In its most recent public year (2023), this organization brought in $965,021 more than it spent. Its reserves stood at about 16.7 months of spending, down from 31 in 2012. 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
Heritage South Credit Union's IRS filings as a feed — one entry per filing year, through 2023. 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