Iron Workers Local 549 & 550 Medical & Benefit Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2009 | 8,466,401 | 7,668,264 | 798,137 | 20.2 | 0% |
| 2011 | 7,310,170 | 6,961,244 | 348,926 | 26.1 | 0% |
| 2012 | 7,655,362 | 6,981,936 | 673,426 | 26.9 | 0% |
| 2013 | 7,661,236 | 7,585,944 | 75,292 | 24.9 | 0% |
| 2014 | 8,447,801 | 8,391,355 | 56,446 | 22.3 | 0% |
| 2015 | 7,998,124 | 9,628,527 | −1,630,403 | 17.2 | 0% |
| 2016 | 7,023,013 | 9,273,351 | −2,250,338 | 14.9 | 0% |
| 2017 | 8,369,531 | 9,869,967 | −1,500,436 | 12.2 | 0% |
| 2018 | 9,502,325 | 10,036,417 | −534,092 | 11.4 | 0% |
| 2019 | 11,323,448 | 10,182,230 | 1,141,218 | 12.7 | 0% |
| 2020 | 10,960,542 | 10,058,717 | 901,825 | 13.7 | 0% |
| 2021 | 9,826,274 | 9,285,176 | 541,098 | 16.3 | 0% |
| 2022 | 11,059,495 | 10,408,508 | 650,987 | 15.1 | 0% |
| 2023 | 10,746,923 | 9,892,207 | 854,716 | 16.5 | 0% |
In its most recent public year (2023), this organization brought in $854,716 more than it spent. Its reserves stood at about 16.5 months of spending, down from 20.2 in 2009. 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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