Local 298 Health Benefit Fund I
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 21,953,690 | 20,150,668 | 1,803,022 | 8.3 | 2% |
| 2020 | 22,364,900 | 20,284,162 | 2,080,738 | 9.5 | 2% |
| 2021 | 24,797,848 | 26,037,001 | −1,239,153 | 6.8 | 1% |
| 2022 | 25,395,807 | 27,791,541 | −2,395,734 | 5.4 | 1% |
In its most recent public year (2022), this organization spent $2,395,734 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 8.3 in 2019. 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 2022. 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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