Lea County Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 91,971,046 | 91,971,046 | 0 | 13.1 | 6% |
| 2021 | 95,597,033 | 95,597,033 | 0 | 12.5 | 5% |
| 2022 | 119,152,075 | 119,152,075 | 0 | 10.2 | 4% |
| 2023 | 110,564,018 | 111,537,451 | −973,433 | 11.5 | 5% |
In its most recent public year (2023), this organization spent $973,433 more than it brought in. Its reserves stood at about 11.5 months of spending, down from 13.1 in 2020. Staff pay was 5% 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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