Rich Mountain Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,681,459 | 12,690,797 | 990,662 | 17.9 | 6% |
| 2012 | 13,203,685 | 12,952,840 | 250,845 | 17.7 | 6% |
| 2013 | 14,578,660 | 13,789,871 | 788,789 | 17.4 | 5% |
| 2014 | 14,524,192 | 13,575,997 | 948,195 | 18.5 | 6% |
| 2015 | 14,347,504 | 13,846,140 | 501,364 | 18.5 | 6% |
| 2016 | 14,771,458 | 14,097,321 | 674,137 | 18.8 | 6% |
| 2017 | 15,764,736 | 14,752,323 | 1,012,413 | 19.2 | 6% |
| 2018 | 17,308,822 | 15,713,874 | 1,594,948 | 19.3 | 8% |
| 2019 | 17,300,960 | 16,403,114 | 897,846 | 19.1 | 9% |
| 2020 | 17,249,861 | 16,076,180 | 1,173,681 | 20.5 | 9% |
| 2021 | 20,751,481 | 20,073,580 | 677,901 | 16.8 | 6% |
| 2022 | 23,041,846 | 22,263,972 | 777,874 | 15.6 | 8% |
| 2023 | 21,911,930 | 18,944,672 | 2,967,258 | 20.2 | 9% |
In its most recent public year (2023), this organization brought in $2,967,258 more than it spent. Its reserves stood at about 20.2 months of spending, up from 17.9 in 2011. Staff pay was 9% 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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