Millard County Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,595,003 | 1,246,064 | 348,939 | 43.0 | 52% |
| 2021 | 1,526,787 | 1,265,575 | 261,212 | 45.2 | 55% |
| 2022 | 1,769,688 | 1,382,889 | 386,799 | 45.2 | 49% |
| 2023 | 2,258,050 | 1,667,351 | 590,699 | 41.2 | 47% |
In its most recent public year (2023), this organization brought in $590,699 more than it spent. Its reserves stood at about 41.2 months of spending, down from 43 in 2020. Staff pay was 47% 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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