Additional Security Benefits Plan Of The Electrical Industry
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,773,088 | 28,240,773 | −19,467,685 | 177.0 | 0% |
| 2021 | 6,846,492 | 25,975,434 | −19,128,942 | 188.0 | 0% |
| 2022 | 4,190,561 | 26,976,645 | −22,786,084 | 171.8 | 0% |
| 2023 | 6,308,811 | 25,456,080 | −19,147,269 | 170.7 | 0% |
In its most recent public year (2023), this organization spent $19,147,269 more than it brought in. Its reserves stood at about 170.7 months of spending, down from 177 in 2020. Staff pay was 0% 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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