Operating Engineers Local 478 Apprenticeship Training & Skill Im
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,449,994 | 3,312,453 | 137,541 | 30.1 | 34% |
| 2021 | 4,011,705 | 3,429,253 | 582,452 | 31.2 | 37% |
| 2022 | 4,089,557 | 3,729,155 | 360,402 | 29.8 | 36% |
| 2023 | 5,031,500 | 3,765,326 | 1,266,174 | 33.6 | 35% |
In its most recent public year (2023), this organization brought in $1,266,174 more than it spent. Its reserves stood at about 33.6 months of spending, up from 30.1 in 2020. Staff pay was 35% 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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