Iaff Local 587 Health Ins Tr Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 1,385,186 | 49,669 | 1,335,517 | 322.7 | 31% |
| 2019 | 24,188,450 | 19,050,920 | 5,137,530 | 4.1 | 0% |
| 2020 | 3,291,098 | 91,908,798 | −88,617,700 | -10.7 | 0% |
| 2022 | 26,344,538 | 52,875,906 | −26,531,368 | -28.6 | 0% |
| 2023 | 26,318,781 | 60,342,482 | −34,023,701 | -32.1 | 0% |
In its most recent public year (2023), this organization spent $34,023,701 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-32.1 months), down from 322.7 in 2018. 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
Iaff Local 587 Health Ins Tr Fund'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