Lorain County Electrical Joint Apprenticeship And Training Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 521,601 | 414,423 | 107,178 | 35.3 | 28% |
| 2022 | 717,715 | 491,706 | 226,009 | 35.3 | 24% |
| 2023 | 714,550 | 540,807 | 173,743 | 36.0 | 23% |
In its most recent public year (2023), this organization brought in $173,743 more than it spent. Its reserves stood at about 36 months of spending. Staff pay was 23% 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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