Industrial Credit Union Of Whatcom County
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 16,663,875 | 14,306,890 | 2,356,985 | 254.8 | 37% |
| 2021 | 18,659,895 | 15,266,179 | 3,393,716 | 294.3 | 41% |
| 2022 | 22,987,769 | 20,977,088 | 2,010,681 | 16.0 | 32% |
In its most recent public year (2022), this organization brought in $2,010,681 more than it spent. Its reserves stood at about 16 months of spending, down from 254.8 in 2020. Staff pay was 32% 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 2022. 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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