Laborers Local 785 Health & Welfare Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,337,320 | 1,352,280 | −14,960 | 89.0 | 3% |
| 2012 | 2,998,457 | 2,677,505 | 320,952 | 57.0 | 1% |
| 2013 | 4,884,402 | 4,245,904 | 638,498 | 37.7 | 2% |
| 2014 | 4,334,399 | 4,586,235 | −251,836 | 34.6 | 1% |
| 2015 | 4,115,524 | 4,464,400 | −348,876 | 33.8 | 1% |
| 2016 | 4,312,954 | 5,274,198 | −961,244 | 27.4 | 1% |
| 2017 | 4,900,825 | 5,376,552 | −475,727 | 27.7 | 1% |
| 2018 | 5,385,626 | 5,953,067 | −567,441 | 23.2 | 1% |
| 2019 | 6,019,425 | 5,205,414 | 814,011 | 28.9 | 1% |
| 2020 | 5,832,425 | 5,451,465 | 380,960 | 27.1 | 1% |
| 2021 | 5,197,487 | 5,818,137 | −620,650 | 24.3 | 1% |
| 2022 | 4,557,534 | 4,974,635 | −417,101 | 24.3 | 1% |
| 2023 | 4,848,979 | 5,009,452 | −160,473 | 25.3 | 1% |
In its most recent public year (2023), this organization spent $160,473 more than it brought in. Its reserves stood at about 25.3 months of spending, down from 89 in 2011. Staff pay was 1% 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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