Plumbers & Pipefitters Local Union 74 Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 10,245,368 | 9,881,337 | 364,031 | 9.8 | 0% |
| 2011 | 13,277,707 | 10,523,424 | 2,754,283 | 12.5 | 0% |
| 2012 | 10,262,938 | 10,286,947 | −24,009 | 12.7 | 0% |
| 2013 | 11,551,806 | 10,524,421 | 1,027,385 | 13.3 | 0% |
| 2014 | 12,668,170 | 10,929,433 | 1,738,737 | 14.7 | 0% |
| 2015 | 12,331,536 | 11,592,645 | 738,891 | 14.5 | 0% |
| 2016 | 13,003,836 | 10,521,903 | 2,481,933 | 18.7 | 0% |
| 2017 | 13,692,695 | 10,377,279 | 3,315,416 | 23.1 | 0% |
| 2018 | 11,353,255 | 12,529,605 | −1,176,350 | 17.8 | 0% |
| 2019 | 14,671,815 | 12,576,427 | 2,095,388 | 20.5 | 0% |
| 2020 | 11,874,939 | 11,454,855 | 420,084 | 23.3 | 0% |
| 2021 | 11,989,715 | 12,566,687 | −576,972 | 21.3 | 0% |
| 2022 | 10,945,789 | 11,636,880 | −691,091 | 20.4 | 0% |
| 2023 | 13,583,149 | 14,235,879 | −652,730 | 17.5 | 0% |
In its most recent public year (2023), this organization spent $652,730 more than it brought in. Its reserves stood at about 17.5 months of spending, up from 9.8 in 2010. 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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