Masschusetts Employers-Seiu Local 888 Health And Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,548,715 | 2,524,146 | 24,569 | 20.1 | 0% |
| 2021 | 2,893,453 | 2,728,487 | 164,966 | 20.0 | 0% |
| 2022 | 3,075,641 | 3,105,800 | −30,159 | 15.3 | 0% |
| 2023 | 3,066,437 | 3,073,746 | −7,309 | 16.7 | 0% |
In its most recent public year (2023), this organization spent $7,309 more than it brought in. Its reserves stood at about 16.7 months of spending, down from 20.1 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 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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