Local 580 Insurance Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 36,348,452 | 25,067,090 | 11,281,362 | 62.0 | 1% |
| 2012 | 40,438,976 | 25,536,613 | 14,902,363 | 69.5 | 1% |
| 2013 | 47,096,465 | 26,158,555 | 20,937,910 | 78.8 | 1% |
| 2014 | 54,543,747 | 32,232,689 | 22,311,058 | 70.2 | 1% |
| 2015 | 46,874,798 | 33,943,862 | 12,930,936 | 68.5 | 1% |
| 2016 | 55,678,029 | 39,159,292 | 16,518,737 | 66.1 | 1% |
| 2017 | 66,943,007 | 39,889,986 | 27,053,021 | 74.8 | 1% |
| 2018 | 77,535,937 | 44,759,164 | 32,776,773 | 71.0 | 1% |
| 2019 | 70,003,731 | 49,123,934 | 20,879,797 | 75.3 | 1% |
| 2020 | 52,048,894 | 39,673,342 | 12,375,552 | 102.4 | 1% |
| 2021 | 70,279,432 | 51,542,209 | 18,737,223 | 83.7 | 1% |
| 2022 | 45,790,999 | 55,344,014 | −9,553,015 | 65.3 | 3% |
| 2023 | 46,683,256 | 54,363,421 | −7,680,165 | 68.1 | 4% |
In its most recent public year (2023), this organization spent $7,680,165 more than it brought in. Its reserves stood at about 68.1 months of spending, up from 62 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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