Gig Harbor Firefighters Union Health & Welfare Tr
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,347,810 | 2,239,242 | 1,108,568 | 42.9 | 1% |
| 2021 | 3,802,450 | 2,914,249 | 888,201 | 36.5 | 1% |
| 2022 | 4,314,596 | 4,128,635 | 185,961 | 24.7 | 1% |
| 2023 | 4,851,773 | 3,766,511 | 1,085,262 | 30.7 | 1% |
In its most recent public year (2023), this organization brought in $1,085,262 more than it spent. Its reserves stood at about 30.7 months of spending, down from 42.9 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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