Whatcom Educational Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 50,000,282 | 36,738,238 | 13,262,044 | 45.5 | 31% |
| 2012 | 54,573,748 | 37,675,996 | 16,897,752 | 49.9 | 33% |
| 2013 | 50,937,148 | 37,199,212 | 13,737,936 | 55.1 | 37% |
| 2016 | 62,872,274 | 47,429,375 | 15,442,899 | 53.5 | 38% |
| 2017 | 70,172,399 | 51,547,262 | 18,625,137 | 53.7 | 37% |
| 2018 | 81,002,988 | 67,030,910 | 13,972,078 | 43.7 | 35% |
| 2019 | 86,913,366 | 72,182,050 | 14,731,316 | 43.1 | 34% |
| 2020 | 85,917,838 | 71,003,755 | 14,914,083 | 46.3 | 40% |
| 2021 | 85,746,120 | 64,051,386 | 21,694,734 | 55.3 | 45% |
| 2023 | 138,092,209 | 119,310,663 | 18,781,546 | 33.8 | 30% |
In its most recent public year (2023), this organization brought in $18,781,546 more than it spent. Its reserves stood at about 33.8 months of spending, down from 45.5 in 2011. Staff pay was 30% 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
Whatcom Educational Credit Union's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works