International Union Of Operating Engineers Local 98 Training Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,055,556 | 904,035 | 151,521 | 40.0 | 28% |
| 2021 | 1,282,293 | 862,803 | 419,490 | 47.8 | 30% |
| 2022 | 1,226,010 | 912,516 | 313,494 | 47.2 | 30% |
| 2023 | 1,226,550 | 1,054,454 | 172,096 | 43.3 | 28% |
In its most recent public year (2023), this organization brought in $172,096 more than it spent. Its reserves stood at about 43.3 months of spending, up from 40 in 2020. Staff pay was 28% 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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