Monterey Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 12,930,700 | 10,798,790 | 2,131,910 | 28.9 | 36% |
| 2012 | 12,868,239 | 10,674,019 | 2,194,220 | 31.6 | 40% |
| 2013 | 11,966,537 | 10,244,574 | 1,721,963 | 32.8 | 41% |
| 2014 | 11,774,602 | 10,728,455 | 1,046,147 | 33.2 | 39% |
| 2015 | 12,000,660 | 10,509,382 | 1,491,278 | 35.1 | 40% |
| 2016 | 12,191,245 | 10,827,505 | 1,363,740 | 34.9 | 40% |
| 2017 | 12,559,404 | 11,371,842 | 1,187,562 | 34.3 | 39% |
| 2018 | 13,017,486 | 11,752,732 | 1,264,754 | 34.3 | 39% |
| 2019 | 13,180,417 | 12,060,121 | 1,120,296 | 35.9 | 39% |
| 2020 | 11,834,259 | 11,176,794 | 657,465 | 40.5 | 41% |
| 2021 | 11,609,483 | 10,573,160 | 1,036,323 | 41.6 | 44% |
| 2022 | 12,967,037 | 11,452,496 | 1,514,541 | 28.9 | 45% |
| 2023 | 13,414,494 | 14,469,997 | −1,055,503 | 22.2 | 45% |
In its most recent public year (2023), this organization spent $1,055,503 more than it brought in. Its reserves stood at about 22.2 months of spending, down from 28.9 in 2011. Staff pay was 45% 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
Monterey 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