Credit Unions In The State Of Washington
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 19,089,269 | 16,619,257 | 2,470,012 | 29.5 | 40% |
| 2021 | 20,285,695 | 17,256,490 | 3,029,205 | 29.9 | 41% |
| 2022 | 26,389,919 | 19,727,776 | 6,662,143 | 28.2 | 38% |
| 2023 | 32,250,371 | 27,949,874 | 4,300,497 | 22.5 | 28% |
In its most recent public year (2023), this organization brought in $4,300,497 more than it spent. Its reserves stood at about 22.5 months of spending, down from 29.5 in 2020. Staff pay was 28% 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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