Local 354 Plumbers & Pipe Fitters Health & Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,456,339 | 10,763,215 | −306,876 | 30.8 | 0% |
| 2021 | 12,177,564 | 11,325,073 | 852,491 | 28.9 | 0% |
| 2022 | 9,525,039 | 10,306,285 | −781,246 | 27.5 | 0% |
| 2023 | 8,936,377 | 12,042,528 | −3,106,151 | 21.1 | 0% |
In its most recent public year (2023), this organization spent $3,106,151 more than it brought in. Its reserves stood at about 21.1 months of spending, down from 30.8 in 2020. 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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