The Sheet Metal Local No 40 Health Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 7,656,366 | 8,785,785 | −1,129,419 | 19.3 | 2% |
| 2011 | 7,194,756 | 9,546,127 | −2,351,371 | 14.6 | 1% |
| 2012 | 6,870,283 | 7,806,633 | −936,350 | 17.0 | 2% |
| 2013 | 6,756,214 | 6,698,918 | 57,296 | 20.4 | 2% |
| 2014 | 8,022,593 | 7,604,586 | 418,007 | 19.0 | 2% |
| 2015 | 8,413,441 | 9,549,537 | −1,136,096 | 13.3 | 2% |
| 2016 | 8,423,708 | 9,214,981 | −791,273 | 13.2 | 2% |
| 2017 | 7,177,357 | 9,790,592 | −2,613,235 | 9.7 | 1% |
| 2018 | 7,783,809 | 9,302,319 | −1,518,510 | 7.7 | 2% |
| 2019 | 7,622,149 | 8,213,293 | −591,144 | 8.4 | 3% |
| 2020 | 6,859,445 | 7,203,464 | −344,019 | 9.3 | 0% |
| 2021 | 7,075,464 | 8,957,426 | −1,881,962 | 4.7 | 0% |
| 2022 | 7,762,071 | 7,445,404 | 316,667 | 4.8 | 0% |
| 2023 | 8,345,764 | 7,421,853 | 923,911 | 6.4 | 0% |
In its most recent public year (2023), this organization brought in $923,911 more than it spent. Its reserves stood at about 6.4 months of spending, down from 19.3 in 2010. 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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