Alabama State Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 20,573,433 | 19,513,056 | 1,060,377 | 21.7 | 33% |
| 2021 | 19,973,256 | 17,237,085 | 2,736,171 | 25.9 | 41% |
| 2022 | 23,220,315 | 19,643,903 | 3,576,412 | 20.2 | 36% |
| 2023 | 27,023,139 | 23,079,652 | 3,943,487 | 20.2 | 31% |
In its most recent public year (2023), this organization brought in $3,943,487 more than it spent. Its reserves stood at about 20.2 months of spending, down from 21.7 in 2020. Staff pay was 31% 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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