Maryland Electrical Industry Health Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 31,067,130 | 29,461,721 | 1,605,409 | 13.4 | 0% |
| 2021 | 31,689,960 | 25,000,934 | 6,689,026 | 19.2 | 0% |
| 2022 | 33,839,234 | 28,336,527 | 5,502,707 | 18.1 | 0% |
| 2023 | 31,873,907 | 27,762,693 | 4,111,214 | 21.1 | 0% |
In its most recent public year (2023), this organization brought in $4,111,214 more than it spent. Its reserves stood at about 21.1 months of spending, up from 13.4 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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