Sheet Metal Workers Welfare Fund Local Union No 85
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,368,376 | 6,024,291 | 1,344,085 | 8.0 | 0% |
| 2012 | 7,234,803 | 6,281,694 | 953,109 | 9.5 | 0% |
| 2013 | 6,849,505 | 10,048,077 | −3,198,572 | 2.1 | 0% |
| 2014 | 7,442,464 | 4,767,379 | 2,675,085 | 11.1 | 0% |
| 2015 | 8,292,346 | 8,115,166 | 177,180 | 6.6 | 0% |
| 2016 | 9,461,664 | 12,623,414 | −3,161,750 | 1.3 | 0% |
| 2017 | 9,952,831 | 8,424,960 | 1,527,871 | 4.0 | 0% |
| 2018 | 10,338,768 | 10,420,187 | −81,419 | 11.1 | 0% |
| 2019 | 12,271,380 | 10,034,266 | 2,237,114 | 14.2 | 0% |
| 2020 | 12,580,364 | 12,332,256 | 248,108 | 11.8 | 0% |
| 2021 | 12,790,339 | 13,050,930 | −260,591 | 10.9 | 0% |
| 2022 | 12,171,943 | 14,865,522 | −2,693,579 | 7.4 | 0% |
| 2023 | 13,045,260 | 15,478,534 | −2,433,274 | 5.2 | 0% |
In its most recent public year (2023), this organization spent $2,433,274 more than it brought in. Its reserves stood at about 5.2 months of spending, down from 8 in 2011. 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
Sheet Metal Workers Welfare Fund Local Union No 85's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works