Local 475 Health Plan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,179,864 | 4,925,494 | 2,254,370 | 28.4 | 3% |
| 2021 | 7,228,742 | 6,839,970 | 388,772 | 23.0 | 2% |
| 2022 | 7,193,791 | 4,633,052 | 2,560,739 | 35.5 | 3% |
| 2023 | 8,024,438 | 6,077,035 | 1,947,403 | 33.4 | 3% |
In its most recent public year (2023), this organization brought in $1,947,403 more than it spent. Its reserves stood at about 33.4 months of spending, up from 28.4 in 2020. Staff pay was 3% 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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