Sheet Metal Worker Local 98 Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 7,283,045 | 7,402,361 | −119,316 | 9.5 | 2% |
| 2011 | 7,953,021 | 6,166,987 | 1,786,034 | 14.9 | 2% |
| 2012 | 7,303,374 | 7,354,414 | −51,040 | 12.4 | 1% |
| 2013 | 7,279,605 | 7,030,595 | 249,010 | 13.4 | 1% |
| 2014 | 6,568,207 | 7,835,534 | −1,267,327 | 10.1 | 0% |
| 2015 | 6,463,439 | 5,520,018 | 943,421 | 16.3 | 0% |
| 2016 | 8,757,839 | 9,512,105 | −754,266 | 8.5 | 0% |
| 2017 | 9,005,457 | 8,486,191 | 519,266 | 18.6 | 0% |
| 2018 | 8,044,650 | 8,940,876 | −896,226 | 16.1 | 0% |
| 2019 | 9,911,702 | 8,999,122 | 912,580 | 19.1 | 0% |
| 2020 | 10,246,367 | 10,150,539 | 95,828 | 18.5 | 0% |
| 2021 | 10,105,118 | 10,544,953 | −439,835 | 17.4 | 0% |
| 2022 | 11,944,476 | 13,651,735 | −1,707,259 | 9.1 | 0% |
| 2023 | 10,782,479 | 8,514,943 | 2,267,536 | 18.3 | 0% |
In its most recent public year (2023), this organization brought in $2,267,536 more than it spent. Its reserves stood at about 18.3 months of spending, up from 9.5 in 2010. 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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