Derrickmens Welfare Fund Local 197
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,466,447 | 5,187,366 | −720,919 | 13.0 | 0% |
| 2021 | 4,648,772 | 5,092,308 | −443,536 | 12.7 | 0% |
| 2022 | 3,594,277 | 4,078,216 | −483,939 | 12.5 | 0% |
| 2023 | 5,034,767 | 5,720,772 | −686,005 | 7.9 | 0% |
In its most recent public year (2023), this organization spent $686,005 more than it brought in. Its reserves stood at about 7.9 months of spending, down from 13 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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