Local Union 164 Electrical Joint Apprenticeship And Training Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,486,938 | 3,910,072 | −423,134 | 55.7 | 27% |
| 2021 | 4,299,279 | 4,787,290 | −488,011 | 47.3 | 22% |
| 2022 | 4,579,435 | 5,085,206 | −505,771 | 39.3 | 22% |
| 2023 | 4,088,468 | 5,474,942 | −1,386,474 | 35.0 | 22% |
In its most recent public year (2023), this organization spent $1,386,474 more than it brought in. Its reserves stood at about 35 months of spending, down from 55.7 in 2020. Staff pay was 22% 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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