Galveston Government Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 599,768 | 540,498 | 59,270 | 152.8 | 28% |
| 2012 | 541,606 | 450,397 | 91,209 | 168.5 | 33% |
| 2013 | 446,056 | 414,300 | 31,756 | 175.7 | 34% |
| 2014 | 443,694 | 429,965 | 13,729 | 164.5 | 34% |
| 2015 | 417,972 | 410,444 | 7,528 | 13.1 | 35% |
| 2016 | 426,670 | 425,604 | 1,066 | 12.7 | 33% |
| 2017 | 395,726 | 405,090 | −9,364 | 13.0 | 36% |
| 2018 | 434,934 | 399,968 | 34,966 | 14.3 | 31% |
| 2019 | 526,335 | 464,065 | 62,270 | 13.9 | 29% |
| 2020 | 538,969 | 500,431 | 38,538 | 13.8 | 29% |
| 2021 | 500,234 | 436,242 | 63,992 | 17.7 | 33% |
| 2022 | 451,340 | 408,607 | 42,733 | 20.1 | 31% |
| 2023 | 434,969 | 412,261 | 22,708 | 20.7 | 25% |
In its most recent public year (2023), this organization brought in $22,708 more than it spent. Its reserves stood at about 20.7 months of spending, down from 152.8 in 2011. Staff pay was 25% 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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