National Steel Corp Represented Ret Ben Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,938,772 | 6,473,350 | −3,534,578 | 105.3 | 0% |
| 2012 | 10,511,528 | 6,121,351 | 4,390,177 | 123.0 | 0% |
| 2013 | 2,991,156 | 5,943,639 | −2,952,483 | 120.7 | 0% |
| 2014 | 2,962,603 | 5,861,880 | −2,899,277 | 114.3 | 0% |
| 2015 | 1,483,448 | 5,691,560 | −4,208,112 | 105.3 | 0% |
| 2016 | 1,661,881 | 5,298,297 | −3,636,416 | 106.9 | 0% |
| 2017 | 1,366,307 | 4,939,631 | −3,573,324 | 109.7 | 0% |
| 2018 | 1,354,346 | 4,605,793 | −3,251,447 | 103.4 | 0% |
| 2019 | 1,487,506 | 4,329,708 | −2,842,202 | 110.6 | 0% |
| 2020 | 990,523 | 3,983,318 | −2,992,795 | 117.4 | 0% |
| 2021 | 1,193,986 | 3,667,079 | −2,473,093 | 120.5 | 0% |
| 2022 | 411,261 | 7,203,003 | −6,791,742 | 43.5 | 0% |
| 2023 | 992,036 | 6,241,257 | −5,249,221 | 41.9 | 0% |
In its most recent public year (2023), this organization spent $5,249,221 more than it brought in. Its reserves stood at about 41.9 months of spending, down from 105.3 in 2011. 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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