Iam Local 2848 Ford Retirees Veba Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,276,059 | 2,678,724 | −1,402,665 | 86.3 | 1% |
| 2012 | 2,528,941 | 2,415,408 | 113,533 | 96.3 | 0% |
| 2013 | 1,887,332 | 2,115,656 | −228,324 | 108.6 | 1% |
| 2014 | 1,724,401 | 2,089,841 | −365,440 | 107.8 | 1% |
| 2015 | 735,670 | 1,918,594 | −1,182,924 | 110.1 | 1% |
| 2016 | 1,943,109 | 1,898,439 | 44,670 | 111.5 | 1% |
| 2017 | 2,297,546 | 1,909,452 | 388,094 | 113.3 | 1% |
| 2018 | 1,292,267 | 1,453,415 | −161,148 | 138.3 | 1% |
| 2019 | 1,160,094 | 1,277,822 | −117,728 | 174.7 | 1% |
| 2020 | 923,562 | 1,121,948 | −198,386 | 205.1 | 1% |
| 2021 | 920,565 | 1,077,564 | −156,999 | 226.9 | 2% |
| 2022 | 510,261 | 945,125 | −434,864 | 223.3 | 2% |
| 2023 | 367,683 | 936,992 | −569,309 | 229.7 | 3% |
In its most recent public year (2023), this organization spent $569,309 more than it brought in. Its reserves stood at about 229.7 months of spending, up from 86.3 in 2011. Staff pay was 3% of spending. $17,938,021 of its net assets are donor-restricted.
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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