Local Union 704 I B E W Health And Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,272,058 | 1,967,339 | 304,719 | 13.8 | 0% |
| 2022 | 2,286,638 | 2,137,975 | 148,663 | 13.2 | 0% |
| 2023 | 2,517,538 | 2,217,204 | 300,334 | 14.3 | 0% |
In its most recent public year (2023), this organization brought in $300,334 more than it spent. Its reserves stood at about 14.3 months of spending. 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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