Local 514 Health And Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 15,410 | 6,779 | 8,631 | 24.9 | — |
| 2021 | 1,482,060 | 1,468,345 | 13,715 | 1.6 | 2% |
| 2022 | 1,773,323 | 1,642,414 | 130,909 | 2.3 | 4% |
In its most recent public year (2022), this organization brought in $130,909 more than it spent. Its reserves stood at about 2.3 months of spending, down from 24.9 in 2017. Staff pay was 4% 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 2022. 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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