Michiana Area Electrical Workers Health & Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 20,355,960 | 15,829,839 | 4,526,121 | 9.9 | 0% |
| 2021 | 20,298,250 | 19,170,638 | 1,127,612 | 9.6 | 0% |
| 2022 | 21,753,324 | 20,034,588 | 1,718,736 | 9.7 | 0% |
| 2023 | 22,286,467 | 19,002,926 | 3,283,541 | 12.1 | 0% |
In its most recent public year (2023), this organization brought in $3,283,541 more than it spent. Its reserves stood at about 12.1 months of spending, up from 9.9 in 2020. 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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