Sheet Metal Workers Union Local No 17 Insurance Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 38,175,947 | 35,372,241 | 2,803,706 | 22.6 | 2% |
| 2021 | 47,289,162 | 38,768,815 | 8,520,347 | 25.1 | 1% |
| 2022 | 50,015,354 | 42,269,588 | 7,745,766 | 23.4 | 1% |
| 2023 | 55,343,028 | 42,108,847 | 13,234,181 | 27.6 | 1% |
In its most recent public year (2023), this organization brought in $13,234,181 more than it spent. Its reserves stood at about 27.6 months of spending, up from 22.6 in 2020. Staff pay was 1% 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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