First American Bank Welfare Benefit Plan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 675,378 | 758,980 | −83,602 | 4.8 | 0% |
| 2012 | 1,085,569 | 1,369,265 | −283,696 | 0.2 | 0% |
| 2013 | 1,608,931 | 1,616,190 | −7,259 | 0.1 | 0% |
| 2014 | 1,640,958 | 1,591,322 | 49,636 | 0.5 | 0% |
| 2015 | 1,673,782 | 1,719,578 | −45,796 | 0.1 | 0% |
| 2016 | 1,857,414 | 1,853,449 | 3,965 | 0.1 | 0% |
| 2018 | 2,101,098 | 2,083,691 | 17,407 | 0.3 | 0% |
| 2019 | 1,885,929 | 1,892,091 | −6,162 | 0.2 | 0% |
| 2020 | 2,221,881 | 2,225,867 | −3,986 | 0.2 | 0% |
| 2021 | 2,312,819 | 2,180,171 | 132,648 | 0.9 | 0% |
| 2022 | 2,235,416 | 2,151,035 | 84,381 | 1.4 | 0% |
| 2023 | 2,304,522 | 2,355,077 | −50,555 | 1.0 | 0% |
In its most recent public year (2023), this organization spent $50,555 more than it brought in. Its reserves stood at about 1 months of spending, down from 4.8 in 2011. 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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