Midwest Region Laborers Employers Cooperation And Education Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 2,123,294 | 1,995,207 | 128,087 | 9.2 | 36% |
| 2020 | 1,910,401 | 1,861,168 | 49,233 | 10.4 | 37% |
| 2021 | 2,017,651 | 1,679,309 | 338,342 | 13.9 | 32% |
| 2022 | 1,962,312 | 1,671,453 | 290,859 | 15.4 | 27% |
| 2023 | 2,597,249 | 1,571,572 | 1,025,677 | 24.4 | 29% |
In its most recent public year (2023), this organization brought in $1,025,677 more than it spent. Its reserves stood at about 24.4 months of spending, up from 9.2 in 2019. Staff pay was 29% 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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