Plumbers & Pipefitters Union Local 104 Joint Apprentice Trust Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 303,929 | 317,904 | −13,975 | 18.5 | 0% |
| 2012 | 402,560 | 337,221 | 65,339 | 19.8 | 31% |
| 2013 | 451,635 | 345,082 | 106,553 | 23.0 | 30% |
| 2014 | 325,535 | 339,934 | −14,399 | 23.1 | 18% |
| 2015 | 366,262 | 339,510 | 26,752 | 23.7 | 17% |
| 2016 | 324,206 | 399,745 | −75,539 | 17.7 | 28% |
| 2017 | 402,790 | 349,957 | 52,833 | 22.2 | 23% |
| 2018 | 547,220 | 414,427 | 132,793 | 22.3 | 23% |
| 2019 | 1,289,693 | 376,687 | 913,006 | 53.7 | 24% |
| 2020 | 751,777 | 319,821 | 431,956 | 79.2 | 18% |
| 2021 | 1,318,063 | 676,304 | 641,759 | 49.0 | 15% |
| 2022 | 882,015 | 704,950 | 177,065 | 49.5 | 20% |
| 2023 | 1,283,089 | 744,865 | 538,224 | 55.4 | 21% |
In its most recent public year (2023), this organization brought in $538,224 more than it spent. Its reserves stood at about 55.4 months of spending, up from 18.5 in 2011. Staff pay was 21% 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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