Teamsters Local Union No 408 I B Of T Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,340,321 | 5,276,973 | 1,063,348 | 17.6 | 2% |
| 2012 | 5,030,590 | 4,373,592 | 656,998 | 24.8 | 2% |
| 2013 | 4,430,017 | 4,658,575 | −228,558 | 23.4 | 2% |
| 2014 | 4,409,379 | 4,016,191 | 393,188 | 26.5 | 3% |
| 2015 | 3,481,168 | 4,068,949 | −587,781 | 25.2 | 2% |
| 2016 | 4,304,251 | 3,311,357 | 992,894 | 35.5 | 3% |
| 2017 | 4,393,362 | 3,960,621 | 432,741 | 31.6 | 2% |
| 2018 | 4,434,608 | 3,958,760 | 475,848 | 31.4 | 2% |
| 2019 | 4,139,820 | 3,980,723 | 159,097 | 34.3 | 2% |
| 2020 | 3,574,556 | 3,009,593 | 564,963 | 48.6 | 3% |
| 2021 | 4,525,528 | 2,882,335 | 1,643,193 | 58.3 | 2% |
| 2022 | 3,044,750 | 3,758,696 | −713,946 | 37.0 | 2% |
| 2023 | 3,864,102 | 4,214,050 | −349,948 | 34.8 | 2% |
In its most recent public year (2023), this organization spent $349,948 more than it brought in. Its reserves stood at about 34.8 months of spending, up from 17.6 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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