Local 455 Death Benefit Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 44,063 | 40,000 | 4,063 | 67.8 | — |
| 2021 | 50,981 | 35,000 | 15,981 | 82.9 | — |
| 2022 | 25,083 | 15,000 | 10,083 | 201.6 | — |
| 2023 | 79,472 | 40,000 | 39,472 | 87.4 | — |
In its most recent public year (2023), this organization brought in $39,472 more than it spent. Its reserves stood at about 87.4 months of spending, up from 67.8 in 2020.
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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