Sheet Metal Workers-38 Insurance And Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,096,599 | 8,791,505 | 305,094 | 26.2 | 2% |
| 2012 | 8,398,170 | 8,409,442 | −11,272 | 29.0 | 2% |
| 2013 | 8,847,596 | 8,870,032 | −22,436 | 27.7 | 2% |
| 2014 | 8,618,938 | 9,790,249 | −1,171,311 | 23.5 | 2% |
| 2015 | 10,225,601 | 11,456,140 | −1,230,539 | 16.8 | 2% |
| 2016 | 7,799,737 | 11,157,254 | −3,357,517 | 14.0 | 1% |
| 2017 | 12,391,216 | 12,137,718 | 253,498 | 13.3 | 1% |
| 2018 | 11,953,012 | 11,770,322 | 182,690 | 13.4 | 2% |
| 2019 | 13,497,753 | 12,136,128 | 1,361,625 | 15.4 | 4% |
| 2020 | 11,769,863 | 11,888,182 | −118,319 | 16.3 | 4% |
| 2021 | 12,876,452 | 13,855,278 | −978,826 | 12.9 | 3% |
| 2022 | 14,162,757 | 12,690,178 | 1,472,579 | 13.3 | 4% |
| 2023 | 13,979,955 | 13,322,453 | 657,502 | 13.9 | 4% |
In its most recent public year (2023), this organization brought in $657,502 more than it spent. Its reserves stood at about 13.9 months of spending, down from 26.2 in 2011. Staff pay was 4% 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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