Local 1205 Welfare Plan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,976,973 | 12,864,906 | 2,112,067 | 26.4 | 2% |
| 2012 | 17,074,946 | 17,806,035 | −731,089 | 18.3 | 1% |
| 2013 | 16,136,392 | 16,609,611 | −473,219 | 20.2 | 1% |
| 2014 | 17,675,839 | 16,872,757 | 803,082 | 22.3 | 1% |
| 2015 | 17,814,623 | 19,585,525 | −1,770,902 | 18.8 | 1% |
| 2016 | 17,604,103 | 22,454,641 | −4,850,538 | 14.3 | 1% |
| 2017 | 21,612,104 | 23,534,850 | −1,922,746 | 12.3 | 1% |
| 2018 | 20,067,023 | 22,370,921 | −2,303,898 | 12.3 | 1% |
| 2019 | 20,885,394 | 20,467,538 | 417,856 | 14.6 | 1% |
| 2020 | 20,830,744 | 19,594,402 | 1,236,342 | 16.6 | 1% |
| 2021 | 17,332,526 | 17,434,659 | −102,133 | 22.5 | 2% |
| 2022 | 18,148,897 | 17,016,139 | 1,132,758 | 20.9 | 2% |
| 2023 | 18,673,194 | 19,292,403 | −619,209 | 19.6 | 1% |
In its most recent public year (2023), this organization spent $619,209 more than it brought in. Its reserves stood at about 19.6 months of spending, down from 26.4 in 2011. Staff pay was 1% 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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