Covington Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 55,333,158 | 53,976,464 | 1,356,694 | 10.4 | 9% |
| 2012 | 54,834,661 | 54,051,117 | 783,544 | 11.6 | 10% |
| 2013 | 54,289,647 | 56,415,322 | −2,125,675 | 11.7 | 10% |
| 2014 | 56,299,920 | 57,567,574 | −1,267,654 | 11.8 | 2% |
| 2015 | 55,762,866 | 54,667,478 | 1,095,388 | 13.1 | 11% |
| 2016 | 55,601,669 | 53,057,672 | 2,543,997 | 14.7 | 11% |
| 2017 | 54,721,428 | 53,381,769 | 1,339,659 | 15.2 | 3% |
| 2018 | 56,928,436 | 53,848,882 | 3,079,554 | 16.0 | 2% |
| 2019 | 57,779,280 | 54,352,198 | 3,427,082 | 16.6 | 3% |
| 2020 | 56,187,543 | 52,948,907 | 3,238,636 | 17.8 | 3% |
| 2021 | 57,592,182 | 54,275,475 | 3,316,707 | 18.0 | 3% |
| 2022 | 63,715,088 | 59,825,928 | 3,889,160 | 17.1 | 3% |
| 2023 | 67,323,003 | 61,179,217 | 6,143,786 | 17.9 | 2% |
In its most recent public year (2023), this organization brought in $6,143,786 more than it spent. Its reserves stood at about 17.9 months of spending, up from 10.4 in 2011. Staff pay was 2% 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
Covington Electric Cooperative Inc'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