COVANTAGE CREDIT UNIONPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$234,381,029
Program Services
78%
Investments
21%
Other
2%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$210,138,925
Other
54%
Salaries & Benefits
19%
Interest
15%
Offices, Occupancy & IT
6%
Depreciation
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$1,160,000
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$156,234,450
$181,669,244
+16%
Membership Dues
$0
$0
-
Investments
$31,637,715
$48,978,118
+55%
Other
$1,174,438
$3,733,667
+218%
Total Revenues
$190,206,603
$234,381,029
+23%
Expenses
2023
2024
Change
Grants
$462,351
$762,717
+65%
Benefits to Members
$0
$0
-
Salaries & Benefits
$39,310,082
$39,994,225
+2%
Fees to Service Providers
$4,119,213
$4,175,853
+1%
Advertising & Promotion
$1,345,346
$1,562,816
+16%
Offices, Occupancy & IT
$11,570,915
$12,827,548
+11%
Interest
$20,608,602
$31,257,326
+52%
Depreciation
$6,055,412
$6,618,142
+9%
Other
$87,519,295
$112,940,298
+29%
Total Expenses
$170,991,216
$210,138,925
+23%
Net income
2023
2024
Change
Net income
+$19,215,387
+$24,242,104
+26%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$170,991,216
$210,138,925
+23%
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