Local 434 Health & Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 16,784,145 | 15,345,258 | 1,438,887 | 20.6 | 0% |
| 2021 | 20,608,321 | 13,968,812 | 6,639,509 | 28.7 | 0% |
| 2022 | 17,650,716 | 16,114,852 | 1,535,864 | 24.0 | 0% |
| 2023 | 18,843,610 | 17,509,514 | 1,334,096 | 22.7 | 0% |
| 2024 | 19,691,477 | 17,929,790 | 1,761,687 | 25.3 | 0% |
In its most recent public year (2024), this organization brought in $1,761,687 more than it spent. Its reserves stood at about 25.3 months of spending, up from 20.6 in 2020. 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 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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