Plumbers & Steamfitters Local 434 Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 980,617 | 909,341 | 71,276 | 3.0 | 24% |
| 2013 | 1,165,387 | 1,046,356 | 119,031 | 4.0 | 21% |
| 2014 | 1,038,300 | 834,473 | 203,827 | 7.9 | 25% |
| 2015 | 1,070,509 | 913,082 | 157,427 | 9.3 | 25% |
| 2016 | 1,175,461 | 982,535 | 192,926 | 11.0 | 25% |
| 2017 | 1,179,833 | 1,131,387 | 48,446 | 10.1 | 24% |
| 2018 | 1,429,509 | 1,264,935 | 164,574 | 10.6 | 28% |
| 2019 | 1,398,094 | 1,297,637 | 100,457 | 11.2 | 29% |
| 2020 | 1,763,936 | 1,303,954 | 459,982 | 15.4 | 27% |
| 2021 | 1,802,301 | 1,333,321 | 468,980 | 19.3 | 29% |
| 2022 | 1,896,498 | 1,413,550 | 482,948 | 22.3 | 29% |
| 2023 | 2,223,399 | 1,812,686 | 410,713 | 20.1 | 30% |
| 2024 | 2,274,517 | 1,898,941 | 375,576 | 21.6 | 29% |
In its most recent public year (2024), this organization brought in $375,576 more than it spent. Its reserves stood at about 21.6 months of spending, up from 3 in 2012. Staff pay was 29% 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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