Ovec-Ikec Union Retiree Medical Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 3,668,844 | 898,379 | 2,770,465 | 1012.1 | 0% |
| 2020 | 4,521,262 | 1,697,072 | 2,824,190 | 555.8 | 0% |
| 2021 | 6,330,426 | 1,928,870 | 4,401,556 | 516.3 | 0% |
| 2022 | 3,402,152 | 1,595,680 | 1,806,472 | 637.8 | 0% |
| 2023 | 3,772,268 | 3,592,216 | 180,052 | 283.7 | 1% |
In its most recent public year (2023), this organization brought in $180,052 more than it spent. Its reserves stood at about 283.7 months of spending, down from 1012.1 in 2019. 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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