Socorro Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 24,731,469 | 24,609,053 | 122,416 | 9.7 | 6% |
| 2012 | 25,098,828 | 24,963,920 | 134,908 | 10.4 | 6% |
| 2013 | 25,449,294 | 25,261,470 | 187,824 | 10.8 | 6% |
| 2014 | 25,135,791 | 24,728,498 | 407,293 | 11.1 | 6% |
| 2015 | 25,606,465 | 25,502,619 | 103,846 | 12.1 | 6% |
| 2016 | 25,633,370 | 25,703,300 | −69,930 | 12.0 | 7% |
| 2017 | 26,391,691 | 26,351,116 | 40,575 | 12.4 | 7% |
| 2018 | 26,760,713 | 26,776,161 | −15,448 | 12.9 | 7% |
| 2019 | 26,611,473 | 26,654,081 | −42,608 | 13.6 | 7% |
| 2020 | 25,472,431 | 25,401,442 | 70,989 | 14.8 | 8% |
| 2021 | 25,079,348 | 25,111,953 | −32,605 | 15.5 | 8% |
| 2022 | 24,844,761 | 24,825,374 | 19,387 | 16.0 | 8% |
| 2023 | 25,684,316 | 25,617,683 | 66,633 | 15.5 | 7% |
In its most recent public year (2023), this organization brought in $66,633 more than it spent. Its reserves stood at about 15.5 months of spending, up from 9.7 in 2011. Staff pay was 7% 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
Socorro 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