Credit Unions In The State Of Washington
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,576,466 | 2,263,916 | 312,550 | 24.5 | 25% |
| 2021 | 2,637,549 | 2,135,271 | 502,278 | 28.7 | 28% |
| 2022 | 2,708,960 | 2,330,702 | 378,258 | 28.3 | 27% |
| 2023 | 3,079,570 | 2,721,220 | 358,350 | 25.8 | 27% |
In its most recent public year (2023), this organization brought in $358,350 more than it spent. Its reserves stood at about 25.8 months of spending, up from 24.5 in 2020. Staff pay was 27% 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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