Ironworkers Local Union 402
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 583,221 | 550,855 | 32,366 | 1.8 | 27% |
| 2012 | 482,836 | 473,599 | 9,237 | 2.4 | 28% |
| 2013 | 391,188 | 464,796 | −73,608 | 0.5 | 28% |
| 2014 | 556,653 | 431,377 | 125,276 | 4.0 | 27% |
| 2015 | 444,983 | 431,847 | 13,136 | 4.4 | 27% |
| 2016 | 379,801 | 431,994 | −52,193 | 2.9 | 27% |
| 2017 | 551,328 | 484,109 | 67,219 | 4.3 | 25% |
| 2018 | 442,355 | 428,921 | 13,434 | 5.2 | 29% |
| 2019 | 481,617 | 462,222 | 19,395 | 5.3 | 27% |
| 2020 | 482,388 | 451,344 | 31,044 | 6.3 | 27% |
| 2021 | 400,230 | 463,412 | −63,182 | 4.5 | 25% |
| 2022 | 512,249 | 465,586 | 46,663 | 6.3 | 24% |
| 2023 | 576,753 | 513,080 | 63,673 | 7.2 | 23% |
| 2024 | 485,964 | 447,640 | 38,324 | 9.3 | 27% |
In its most recent public year (2024), this organization brought in $38,324 more than it spent. Its reserves stood at about 9.3 months of spending, up from 1.8 in 2011. Staff pay was 27% of spending. $23,055 of its net assets are donor-restricted.
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 2024. 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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