Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 60,959,781 | 50,820,267 | 10,139,514 | 33.8 | 0% |
| 2021 | 61,829,945 | 59,542,002 | 2,287,943 | 31.0 | 0% |
| 2022 | 58,189,688 | 55,517,988 | 2,671,700 | 29.5 | 0% |
| 2023 | 67,426,302 | 61,726,391 | 5,699,911 | 29.6 | 1% |
In its most recent public year (2023), this organization brought in $5,699,911 more than it spent. Its reserves stood at about 29.6 months of spending, down from 33.8 in 2020. Staff pay was 1% 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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