Forrit Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,905,227 | 2,575,951 | 329,276 | 316.8 | 31% |
| 2012 | 2,936,349 | 2,425,642 | 510,707 | 344.1 | 35% |
| 2013 | 2,831,164 | 2,500,356 | 330,808 | 347.5 | 35% |
| 2014 | 2,825,457 | 2,542,302 | 283,155 | 356.7 | 39% |
| 2015 | 2,969,193 | 2,689,858 | 279,335 | 358.4 | 37% |
| 2016 | 3,030,018 | 2,735,732 | 294,286 | 373.2 | 38% |
| 2017 | 3,181,844 | 2,789,166 | 392,678 | 374.6 | 38% |
| 2018 | 3,613,816 | 2,787,685 | 826,131 | 377.7 | 34% |
| 2019 | 3,882,118 | 3,292,950 | 589,168 | 307.4 | 39% |
| 2020 | 3,459,575 | 3,063,285 | 396,290 | 372.6 | 33% |
| 2021 | 3,304,560 | 3,106,641 | 197,919 | 404.9 | 35% |
| 2022 | 3,668,740 | 3,773,118 | −104,378 | 323.2 | 35% |
| 2023 | 4,552,072 | 4,328,101 | 223,971 | 272.4 | 35% |
In its most recent public year (2023), this organization brought in $223,971 more than it spent. Its reserves stood at about 272.4 months of spending, down from 316.8 in 2011. Staff pay was 35% 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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