Iron Workers Locals 40 361 & 417 Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 106,145,481 | 85,538,721 | 20,606,760 | 11.3 | 2% |
| 2012 | 101,073,274 | 85,088,089 | 15,985,185 | 13.7 | 2% |
| 2013 | 80,404,442 | 77,449,665 | 2,954,777 | 16.0 | 2% |
| 2014 | 79,068,094 | 74,176,520 | 4,891,574 | 17.2 | 2% |
| 2015 | 115,558,649 | 98,394,098 | 17,164,551 | 14.7 | 2% |
| 2016 | 146,627,965 | 121,943,077 | 24,684,888 | 14.5 | 1% |
| 2017 | 134,144,109 | 121,114,117 | 13,029,992 | 16.0 | 1% |
| 2018 | 131,487,214 | 123,235,278 | 8,251,936 | 16.0 | 1% |
| 2019 | 132,681,523 | 123,999,497 | 8,682,026 | 17.9 | 1% |
| 2020 | 124,828,004 | 117,511,740 | 7,316,264 | 19.8 | 1% |
| 2021 | 125,919,205 | 128,427,139 | −2,507,934 | 18.1 | 1% |
| 2022 | 119,986,476 | 119,286,258 | 700,218 | 17.4 | 1% |
| 2023 | 112,084,782 | 110,845,905 | 1,238,877 | 19.9 | 2% |
In its most recent public year (2023), this organization brought in $1,238,877 more than it spent. Its reserves stood at about 19.9 months of spending, up from 11.3 in 2011. Staff pay was 2% 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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