Red Oak Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,551,924 | 2,361,343 | 190,581 | 17.7 | 25% |
| 2012 | 2,443,573 | 2,368,333 | 75,240 | 18.0 | 22% |
| 2013 | 2,145,419 | 1,997,386 | 148,033 | 22.1 | 26% |
| 2014 | 1,861,130 | 1,788,820 | 72,310 | 24.8 | 27% |
| 2015 | 1,789,520 | 1,676,492 | 113,028 | 27.1 | 27% |
| 2016 | 1,832,616 | 1,733,755 | 98,861 | 26.5 | 26% |
| 2017 | 2,000,498 | 1,775,803 | 224,695 | 27.4 | 27% |
| 2018 | 2,158,354 | 1,873,363 | 284,991 | 27.3 | 27% |
| 2019 | 2,209,421 | 2,164,789 | 44,632 | 25.1 | 24% |
| 2020 | 1,990,219 | 2,002,942 | −12,723 | 27.4 | 24% |
| 2021 | 1,851,079 | 2,054,168 | −203,089 | 24.4 | 25% |
| 2022 | 2,234,656 | 2,156,522 | 78,134 | 10.6 | 26% |
| 2023 | 2,466,461 | 2,714,058 | −247,597 | 8.1 | 24% |
In its most recent public year (2023), this organization spent $247,597 more than it brought in. Its reserves stood at about 8.1 months of spending, down from 17.7 in 2011. Staff pay was 24% 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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