U A Local 38 Apprentice & Supplementary Training Trust Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,203,383 | 5,190,031 | 1,013,352 | 40.8 | 27% |
| 2021 | 5,968,471 | 5,073,157 | 895,314 | 45.6 | 26% |
| 2022 | 5,028,902 | 6,046,124 | −1,017,222 | 33.3 | 29% |
| 2023 | 5,176,845 | 7,051,727 | −1,874,882 | 25.6 | 27% |
In its most recent public year (2023), this organization spent $1,874,882 more than it brought in. Its reserves stood at about 25.6 months of spending, down from 40.8 in 2020. Staff pay was 27% 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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