Traverse City Electrical Joint Apprenticeship & Training Tr Fd
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 182,079 | 192,328 | −10,249 | 46.3 | 42% |
| 2021 | 197,849 | 177,821 | 20,028 | 51.4 | 46% |
| 2022 | 286,283 | 232,714 | 53,569 | 42.1 | 46% |
| 2023 | 301,847 | 270,813 | 31,034 | 37.5 | 35% |
| 2024 | 307,982 | 285,921 | 22,061 | 36.5 | 36% |
In its most recent public year (2024), this organization brought in $22,061 more than it spent. Its reserves stood at about 36.5 months of spending, down from 46.3 in 2020. Staff pay was 36% 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 2024. 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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