Norval Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,630,038 | 6,630,038 | 0 | 15.0 | 20% |
| 2012 | 7,720,049 | 7,720,049 | 0 | 14.4 | 17% |
| 2013 | 7,907,048 | 7,907,048 | 0 | 15.5 | 16% |
| 2014 | 8,031,756 | 8,031,756 | 0 | 16.3 | 15% |
| 2015 | 7,601,300 | 7,601,300 | 0 | 18.1 | 17% |
| 2016 | 7,207,687 | 7,207,687 | 0 | 19.2 | 21% |
| 2017 | 8,018,130 | 8,018,130 | 0 | 18.2 | 19% |
| 2018 | 8,104,924 | 8,104,924 | 0 | 19.0 | 20% |
| 2019 | 7,949,340 | 7,949,340 | 0 | 20.1 | 19% |
| 2020 | 7,773,451 | 7,773,451 | 0 | 21.7 | 21% |
| 2021 | 7,862,591 | 7,862,591 | 0 | 23.7 | 18% |
| 2022 | 8,069,987 | 8,069,987 | 0 | 23.7 | 21% |
| 2023 | 8,395,274 | 8,395,274 | 0 | 24.2 | 19% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 24.2 months of spending, up from 15 in 2011. Staff pay was 19% 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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