Steamfitters Local Union 614 Improvement Trust Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 999,811 | 900,683 | 99,128 | 20.2 | 30% |
| 2021 | 977,388 | 805,906 | 171,482 | 25.1 | 32% |
| 2022 | 1,100,266 | 906,737 | 193,529 | 24.9 | 34% |
| 2023 | 1,397,735 | 1,147,191 | 250,544 | 22.3 | 36% |
In its most recent public year (2023), this organization brought in $250,544 more than it spent. Its reserves stood at about 22.3 months of spending, up from 20.2 in 2020. Staff pay was 36% 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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