Michigan Glass & Glazing Industry Welfare Insurance Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,489,519 | 4,125,570 | −636,051 | 16.3 | 0% |
| 2012 | 3,675,852 | 4,077,338 | −401,486 | 16.1 | 0% |
| 2013 | 4,039,746 | 3,588,342 | 451,404 | 19.6 | 0% |
| 2014 | 3,655,108 | 3,942,962 | −287,854 | 17.2 | 0% |
| 2015 | 4,042,757 | 3,876,645 | 166,112 | 17.5 | 0% |
| 2016 | 4,731,939 | 3,210,221 | 1,521,718 | 26.8 | 0% |
| 2017 | 5,416,584 | 4,860,683 | 555,901 | 19.0 | 0% |
| 2018 | 4,750,014 | 5,117,711 | −367,697 | 17.2 | 0% |
| 2019 | 5,487,789 | 4,601,466 | 886,323 | 21.5 | 0% |
| 2020 | 5,487,789 | 4,601,466 | 886,323 | 21.5 | 0% |
| 2021 | 5,414,184 | 6,115,383 | −701,199 | 16.0 | 0% |
| 2022 | 4,144,008 | 5,116,881 | −972,873 | 16.8 | 0% |
| 2023 | 5,590,696 | 5,876,323 | −285,627 | 14.0 | 0% |
In its most recent public year (2023), this organization spent $285,627 more than it brought in. Its reserves stood at about 14 months of spending, down from 16.3 in 2011. Staff pay was 0% 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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