Milwaukee Area Sheet Metal Apprenticeship & Training Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,282,577 | 853,583 | 428,994 | 24.0 | 31% |
| 2021 | 2,158,226 | 824,927 | 1,333,299 | 41.9 | 26% |
| 2022 | 2,518,132 | 934,918 | 1,583,214 | 51.3 | 27% |
| 2023 | 2,769,377 | 1,080,780 | 1,688,597 | 65.6 | 25% |
In its most recent public year (2023), this organization brought in $1,688,597 more than it spent. Its reserves stood at about 65.6 months of spending, up from 24 in 2020. Staff pay was 25% 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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