Sheet Metal Workers Local Union No 71 And Industry Welfare Trust Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,265,696 | 2,702,158 | 563,538 | 31.7 | 2% |
| 2012 | 3,221,875 | 3,357,189 | −135,314 | 25.0 | 1% |
| 2013 | 2,647,410 | 3,038,291 | −390,881 | 25.3 | 2% |
| 2014 | 3,065,868 | 2,966,449 | 99,419 | 26.9 | 2% |
| 2015 | 3,403,117 | 2,971,847 | 431,270 | 28.0 | 2% |
| 2016 | 4,503,002 | 4,254,294 | 248,708 | 20.5 | 2% |
| 2017 | 3,906,663 | 4,548,023 | −641,360 | 17.9 | 1% |
| 2018 | 4,189,083 | 4,342,672 | −153,589 | 17.8 | 1% |
| 2019 | 4,275,804 | 5,131,444 | −855,640 | 13.8 | 1% |
| 2020 | 5,032,721 | 4,107,429 | 925,292 | 20.7 | 3% |
| 2021 | 5,528,607 | 5,053,642 | 474,965 | 17.9 | 2% |
| 2022 | 5,953,886 | 5,621,609 | 332,277 | 15.2 | 2% |
| 2023 | 6,391,836 | 6,226,082 | 165,754 | 14.5 | 2% |
In its most recent public year (2023), this organization brought in $165,754 more than it spent. Its reserves stood at about 14.5 months of spending, down from 31.7 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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