Steamfitters Welfare Fund Local Union No 475
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,262,161 | 12,512,379 | −2,250,218 | 11.9 | 1% |
| 2012 | 12,294,707 | 12,948,136 | −653,429 | 11.2 | 1% |
| 2013 | 12,610,866 | 13,517,374 | −906,508 | 9.6 | 1% |
| 2014 | 15,512,205 | 14,141,156 | 1,371,049 | 10.4 | 1% |
| 2015 | 13,604,300 | 11,183,545 | 2,420,755 | 15.5 | 1% |
| 2016 | 14,516,157 | 11,311,757 | 3,204,400 | 18.6 | 1% |
| 2017 | 18,263,084 | 11,938,145 | 6,324,939 | 23.9 | 1% |
| 2018 | 16,523,415 | 13,239,733 | 3,283,682 | 24.2 | 1% |
| 2019 | 18,049,259 | 14,250,958 | 3,798,301 | 26.3 | 1% |
| 2020 | 18,045,052 | 12,615,729 | 5,429,323 | 35.3 | 1% |
| 2021 | 18,717,642 | 12,671,670 | 6,045,972 | 40.7 | 1% |
| 2022 | 16,101,072 | 13,840,388 | 2,260,684 | 37.5 | 1% |
| 2023 | 19,590,257 | 14,917,370 | 4,672,887 | 39.0 | 1% |
In its most recent public year (2023), this organization brought in $4,672,887 more than it spent. Its reserves stood at about 39 months of spending, up from 11.9 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
Steamfitters Welfare Fund Local Union No 475's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works