Ironworkers Local 402 Joint Apprenticeship Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 171,405 | 134,327 | 37,078 | 5.5 | 75% |
| 2012 | 226,153 | 165,823 | 60,330 | 8.8 | 67% |
| 2013 | 150,299 | 193,599 | −43,300 | 4.9 | — |
| 2014 | 244,881 | 203,764 | 41,117 | 7.1 | 42% |
| 2015 | 225,055 | 209,497 | 15,558 | 7.8 | 49% |
| 2016 | 198,802 | 217,213 | −18,411 | 6.5 | 48% |
| 2017 | 169,046 | 189,130 | −20,084 | 6.2 | 47% |
| 2018 | 182,916 | 195,251 | −12,335 | 5.2 | — |
| 2019 | 187,412 | 183,262 | 4,150 | 5.8 | — |
| 2020 | 188,485 | 185,007 | 3,478 | 6.0 | — |
| 2021 | 161,948 | 167,041 | −5,093 | 6.3 | — |
| 2022 | 209,295 | 185,476 | 23,819 | 8.3 | 42% |
| 2023 | 231,712 | 202,569 | 29,143 | 9.3 | 44% |
In its most recent public year (2023), this organization brought in $29,143 more than it spent. Its reserves stood at about 9.3 months of spending, up from 5.5 in 2011. Staff pay was 44% 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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