Welfare Fund Heat And Frost Insulators Local 12
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,909,192 | 9,554,432 | 354,760 | 13.1 | 3% |
| 2012 | 11,823,686 | 12,221,526 | −397,840 | 10.0 | 3% |
| 2013 | 13,222,932 | 13,754,322 | −531,390 | 8.8 | 2% |
| 2014 | 14,587,539 | 15,297,390 | −709,851 | 7.2 | 2% |
| 2015 | 15,178,451 | 16,994,454 | −1,816,003 | 4.8 | 2% |
| 2016 | 16,947,997 | 13,940,322 | 3,007,675 | 8.3 | 3% |
| 2017 | 18,132,843 | 13,560,729 | 4,572,114 | 12.8 | 3% |
| 2018 | 19,354,418 | 14,069,725 | 5,284,693 | 16.2 | 3% |
| 2019 | 18,041,497 | 16,426,668 | 1,614,829 | 16.1 | 2% |
| 2020 | 15,853,560 | 14,261,914 | 1,591,646 | 20.9 | 2% |
| 2021 | 18,361,265 | 16,493,317 | 1,867,948 | 20.9 | 2% |
| 2022 | 16,467,207 | 17,783,811 | −1,316,604 | 16.7 | 2% |
| 2023 | 15,086,101 | 16,705,322 | −1,619,221 | 17.8 | 1% |
In its most recent public year (2023), this organization spent $1,619,221 more than it brought in. Its reserves stood at about 17.8 months of spending, up from 13.1 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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