Massachusetts Bankers Assoc Inc Group Insurance Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 48,188 | 61,883 | −13,695 | 84.0 | — |
| 2012 | 60,426 | 56,913 | 3,513 | 92.1 | — |
| 2013 | 1,385,276 | 223,737 | 1,161,539 | 85.7 | 0% |
| 2014 | 1,145,702 | 102,935 | 1,042,767 | 307.9 | 0% |
| 2015 | 61,964 | 103,756 | −41,792 | 300.6 | 0% |
| 2016 | 69,696 | 71,634 | −1,938 | 435.1 | 0% |
| 2017 | 65,770 | 81,723 | −15,953 | 379.0 | 0% |
| 2018 | 2,507,667 | 645,942 | 1,861,725 | 82.5 | 0% |
| 2019 | 524,638 | 143,682 | 380,956 | 402.9 | 0% |
| 2020 | 74,803 | 197,029 | −122,226 | 286.4 | 0% |
| 2021 | 348,414 | 134,885 | 213,529 | 437.3 | 0% |
| 2022 | 176,489 | 78,093 | 98,396 | 770.4 | 0% |
| 2023 | 169,616 | 200,529 | −30,913 | 298.2 | 0% |
In its most recent public year (2023), this organization spent $30,913 more than it brought in. Its reserves stood at about 298.2 months of spending, up from 84 in 2011. 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 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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