Operating Engineers Local 324
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,391,687 | 1,278,063 | 113,624 | 17.2 | 28% |
| 2021 | 1,336,278 | 1,089,988 | 246,290 | 22.9 | 34% |
| 2022 | 1,448,294 | 1,368,924 | 79,370 | 18.9 | 30% |
| 2023 | 1,648,613 | 1,888,391 | −239,778 | 12.2 | 27% |
In its most recent public year (2023), this organization spent $239,778 more than it brought in. Its reserves stood at about 12.2 months of spending, down from 17.2 in 2020. Staff pay was 27% 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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