Northwest Sheet Metal Workers Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 107,336,999 | 95,647,256 | 11,689,743 | 10.1 | 0% |
| 2021 | 101,403,747 | 96,103,995 | 5,299,752 | 12.4 | 0% |
| 2022 | 110,931,256 | 94,849,002 | 16,082,254 | 13.6 | 0% |
| 2023 | 108,734,867 | 94,195,032 | 14,539,835 | 14.6 | 0% |
In its most recent public year (2023), this organization brought in $14,539,835 more than it spent. Its reserves stood at about 14.6 months of spending, up from 10.1 in 2020. 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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