Local 498 Training Program Trust Established For Iron Workers Local
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 343,764 | 155,587 | 188,177 | 33.0 | 26% |
| 2012 | 168,599 | 157,036 | 11,563 | 33.4 | 27% |
| 2013 | 135,861 | 173,519 | −37,658 | 27.6 | 29% |
| 2014 | 104,472 | 192,349 | −87,877 | 19.4 | 36% |
| 2015 | 114,228 | 194,971 | −80,743 | 14.2 | 45% |
| 2016 | 129,314 | 218,226 | −88,912 | 7.8 | — |
| 2017 | 212,175 | 232,868 | −20,693 | 6.2 | 39% |
| 2018 | 425,601 | 258,138 | 167,463 | 13.4 | 39% |
| 2019 | 401,312 | 406,517 | −5,205 | 8.4 | 41% |
| 2020 | 343,535 | 396,800 | −53,265 | 7.0 | 38% |
| 2021 | 401,699 | 389,208 | 12,491 | 7.5 | 38% |
| 2022 | 482,929 | 384,981 | 97,948 | 10.6 | 38% |
| 2023 | 483,663 | 382,930 | 100,733 | 13.8 | 35% |
In its most recent public year (2023), this organization brought in $100,733 more than it spent. Its reserves stood at about 13.8 months of spending, down from 33 in 2011. Staff pay was 35% 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
Local 498 Training Program Trust Established For Iron Workers Local's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works