Piedmont Federal Savings Bank Retiree Welfare Benefit Plan Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 69,734 | 8,901 | 60,833 | 344.7 | 0% |
| 2020 | 172,656 | 55,727 | 116,929 | 166.9 | 0% |
| 2021 | 242,513 | 54,190 | 188,323 | 269.5 | 0% |
| 2022 | 42,575 | 116,010 | −73,435 | 36.9 | 0% |
| 2023 | 131,349 | 44,626 | 86,723 | 227.3 | 0% |
In its most recent public year (2023), this organization brought in $86,723 more than it spent. Its reserves stood at about 227.3 months of spending, down from 344.7 in 2019. 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
Piedmont Federal Savings Bank Retiree Welfare Benefit Plan Trust'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