Southwest Texas Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 28,254,839 | 28,326,839 | −72,000 | 23.3 | 9% |
| 2021 | 28,614,678 | 28,627,678 | −13,000 | 23.8 | 9% |
| 2022 | 31,976,695 | 31,909,695 | 67,000 | 21.5 | 8% |
| 2023 | 28,005,270 | 27,913,270 | 92,000 | 24.7 | 9% |
In its most recent public year (2023), this organization brought in $92,000 more than it spent. Its reserves stood at about 24.7 months of spending, up from 23.3 in 2020. 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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