Michigan Laborers & Employers Cooperation Tr Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 643,165 | 866,684 | −223,519 | 20.9 | 19% |
| 2012 | 704,813 | 1,132,168 | −427,355 | 11.4 | 22% |
| 2013 | 818,459 | 858,898 | −40,439 | 14.2 | 30% |
| 2014 | 1,001,278 | 720,504 | 280,774 | 21.7 | 18% |
| 2015 | 1,160,607 | 1,021,490 | 139,117 | 16.9 | 13% |
| 2016 | 1,404,530 | 788,647 | 615,883 | 31.5 | 17% |
| 2017 | 2,434,587 | 886,775 | 1,547,812 | 49.0 | 16% |
| 2018 | 2,269,534 | 1,104,442 | 1,165,092 | 51.4 | 8% |
| 2019 | 2,587,506 | 1,425,549 | 1,161,957 | 50.5 | 7% |
| 2020 | 2,278,027 | 1,671,067 | 606,960 | 48.1 | 9% |
| 2021 | 2,520,892 | 1,605,734 | 915,158 | 56.7 | 10% |
| 2022 | 2,352,855 | 2,024,423 | 328,432 | 43.5 | 9% |
| 2023 | 2,675,584 | 2,056,703 | 618,881 | 47.4 | 17% |
In its most recent public year (2023), this organization brought in $618,881 more than it spent. Its reserves stood at about 47.4 months of spending, up from 20.9 in 2011. Staff pay was 17% 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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