Credit Unions In The State Of Washington
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,118,461 | 1,772,087 | 1,346,374 | 574.6 | 56% |
| 2021 | 3,040,270 | 1,845,898 | 1,194,372 | 671.0 | 53% |
| 2022 | 3,759,977 | 2,876,080 | 883,897 | 434.0 | 38% |
| 2023 | 4,807,931 | 3,529,908 | 1,278,023 | 338.8 | 37% |
In its most recent public year (2023), this organization brought in $1,278,023 more than it spent. Its reserves stood at about 338.8 months of spending, down from 574.6 in 2020. Staff pay was 37% 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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