Iron Workers Local 568 Health & Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,094,620 | 1,276,956 | −182,336 | 39.5 | 1% |
| 2012 | 925,120 | 1,231,233 | −306,113 | 39.9 | 3% |
| 2013 | 897,153 | 1,264,097 | −366,944 | 35.0 | 3% |
| 2014 | 710,938 | 1,128,191 | −417,253 | 36.3 | 4% |
| 2015 | 798,296 | 1,622,006 | −823,710 | 17.6 | 3% |
| 2016 | 715,133 | 1,211,003 | −495,870 | 19.2 | 4% |
| 2017 | 874,441 | 976,033 | −101,592 | 22.7 | 6% |
| 2018 | 1,008,935 | 1,122,775 | −113,840 | 17.7 | 4% |
| 2019 | 925,024 | 1,089,883 | −164,859 | 16.7 | 4% |
| 2020 | 845,757 | 1,083,376 | −237,619 | 14.6 | 3% |
| 2021 | 914,478 | 1,015,996 | −101,518 | 13.4 | 2% |
| 2022 | 921,456 | 714,260 | 207,196 | 20.3 | 3% |
| 2023 | 936,280 | 880,732 | 55,548 | 17.4 | 3% |
In its most recent public year (2023), this organization brought in $55,548 more than it spent. Its reserves stood at about 17.4 months of spending, down from 39.5 in 2011. Staff pay was 3% 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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