Midwest Operating Engineers Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 265,170,117 | 217,609,297 | 47,560,820 | 16.0 | 2% |
| 2012 | 304,775,617 | 236,588,449 | 68,187,168 | 18.8 | 1% |
| 2013 | 331,083,503 | 251,925,709 | 79,157,794 | 22.5 | 1% |
| 2014 | 271,620,602 | 193,646,440 | 77,974,162 | 25.6 | 1% |
| 2015 | 275,760,173 | 200,557,833 | 75,202,340 | 27.7 | 1% |
| 2016 | 48,175,132 | 46,680,777 | 1,494,355 | 121.8 | 1% |
| 2017 | 261,982,721 | 253,322,942 | 8,659,779 | 30.5 | 2% |
| 2018 | 181,606,894 | 291,519,731 | −109,912,837 | 23.6 | 2% |
| 2019 | 232,245,552 | 295,072,714 | −62,827,162 | 21.8 | 2% |
| 2020 | 330,851,269 | 305,995,373 | 24,855,896 | 21.4 | 2% |
| 2021 | 359,073,808 | 297,792,781 | 61,281,027 | 27.0 | 2% |
| 2022 | 632,490,889 | 464,236,201 | 168,254,688 | 44.7 | 2% |
| 2023 | 656,841,797 | 491,879,745 | 164,962,052 | 43.7 | 2% |
In its most recent public year (2023), this organization brought in $164,962,052 more than it spent. Its reserves stood at about 43.7 months of spending, up from 16 in 2011. Staff pay was 2% 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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