Steamfitters Lu 420 Apprenticeship & Journeyman Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,526,944 | 3,755,673 | −228,729 | 14.1 | 61% |
| 2021 | 3,192,616 | 3,616,836 | −424,220 | 13.2 | 62% |
| 2022 | 3,668,942 | 3,867,834 | −198,892 | 11.5 | 58% |
| 2023 | 3,779,582 | 4,243,374 | −463,792 | 9.2 | 59% |
In its most recent public year (2023), this organization spent $463,792 more than it brought in. Its reserves stood at about 9.2 months of spending, down from 14.1 in 2020. Staff pay was 59% 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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