Heartland Rural Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 24,446,923 | 24,268,414 | 178,509 | 9.8 | 1% |
| 2012 | 24,997,044 | 24,851,102 | 145,942 | 9.9 | 1% |
| 2013 | 24,810,747 | 23,054,046 | 1,756,701 | 11.2 | 11% |
| 2014 | 26,523,918 | 23,805,387 | 2,718,531 | 11.8 | 6% |
| 2015 | 24,940,171 | 24,472,273 | 467,898 | 11.7 | 7% |
| 2016 | 24,338,250 | 24,350,931 | −12,681 | 11.8 | 5% |
| 2017 | 23,699,498 | 23,751,669 | −52,171 | 12.6 | 5% |
| 2018 | 26,064,421 | 26,064,421 | 0 | 12.0 | 4% |
| 2019 | 25,355,845 | 25,355,845 | 0 | 12.8 | 4% |
| 2020 | 23,890,407 | 23,890,407 | 0 | 13.9 | 5% |
| 2021 | 27,252,975 | 26,980,841 | 272,134 | 12.5 | 5% |
| 2022 | 27,938,425 | 27,938,425 | 0 | 12.5 | 4% |
| 2023 | 26,562,326 | 26,857,157 | −294,831 | 13.4 | 4% |
In its most recent public year (2023), this organization spent $294,831 more than it brought in. Its reserves stood at about 13.4 months of spending, up from 9.8 in 2011. Staff pay was 4% 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
Heartland Rural 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