The Bac Local Union 15 Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 7,108,454 | 5,846,145 | 1,262,309 | 22.5 | 0% |
| 2013 | 5,866,461 | 5,447,792 | 418,669 | 25.1 | 0% |
| 2014 | 6,563,474 | 4,666,106 | 1,897,368 | 34.0 | 0% |
| 2015 | 6,893,847 | 5,323,855 | 1,569,992 | 39.4 | 0% |
| 2016 | 8,475,663 | 7,668,821 | 806,842 | 27.8 | 0% |
| 2017 | 9,085,146 | 7,685,607 | 1,399,539 | 30.7 | 0% |
| 2018 | 8,906,506 | 7,958,830 | 947,676 | 31.4 | 0% |
| 2019 | 8,837,986 | 8,610,928 | 227,058 | 29.9 | 0% |
| 2020 | 9,821,850 | 9,510,602 | 311,248 | 27.3 | 0% |
| 2021 | 9,932,699 | 9,979,130 | −46,431 | 28.4 | 0% |
| 2022 | 10,907,825 | 9,834,871 | 1,072,954 | 29.4 | 0% |
| 2023 | 10,226,950 | 10,558,228 | −331,278 | 25.7 | 0% |
In its most recent public year (2023), this organization spent $331,278 more than it brought in. Its reserves stood at about 25.7 months of spending, up from 22.5 in 2012. 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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