Ibew Local 508 Health Plan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,608,042 | 2,989,026 | 619,016 | 17.6 | 0% |
| 2012 | 3,441,914 | 4,014,068 | −572,154 | 11.4 | 0% |
| 2013 | 3,382,086 | 3,227,795 | 154,291 | 14.7 | 0% |
| 2014 | 3,338,546 | 3,447,363 | −108,817 | 13.4 | 0% |
| 2015 | 3,967,028 | 3,943,884 | 23,144 | 11.8 | 0% |
| 2016 | 3,918,307 | 4,368,698 | −450,391 | 9.4 | 0% |
| 2017 | 4,078,321 | 4,494,948 | −416,627 | 8.0 | 0% |
| 2018 | 4,448,241 | 3,917,391 | 530,850 | 11.1 | 0% |
| 2019 | 5,463,614 | 2,846,229 | 2,617,385 | 26.4 | 0% |
| 2020 | 6,395,154 | 4,704,157 | 1,690,997 | 20.3 | 0% |
| 2021 | 5,974,429 | 3,819,354 | 2,155,075 | 31.7 | 0% |
| 2022 | 6,292,985 | 4,697,020 | 1,595,965 | 29.9 | 0% |
| 2023 | 6,232,078 | 4,950,196 | 1,281,882 | 31.5 | 0% |
In its most recent public year (2023), this organization brought in $1,281,882 more than it spent. Its reserves stood at about 31.5 months of spending, up from 17.6 in 2011. Staff pay was 0% 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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