Michigan Op&Cmia Apprenticeship And Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 347,417 | 259,042 | 88,375 | 47.0 | 29% |
| 2021 | 371,095 | 271,418 | 99,677 | 49.3 | 29% |
| 2022 | 382,614 | 300,589 | 82,025 | 47.8 | 31% |
| 2023 | 439,604 | 306,748 | 132,856 | 52.0 | 29% |
In its most recent public year (2023), this organization brought in $132,856 more than it spent. Its reserves stood at about 52 months of spending, up from 47 in 2020. Staff pay was 29% 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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