Sheet Metal Workers 16 Health And Welfare Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,364,071 | 13,316,636 | 3,047,435 | 17.3 | 0% |
| 2012 | 18,985,344 | 15,894,108 | 3,091,236 | 17.2 | 0% |
| 2013 | 19,555,049 | 17,449,284 | 2,105,765 | 17.6 | 0% |
| 2014 | 23,284,367 | 20,357,952 | 2,926,415 | 17.1 | 0% |
| 2015 | 19,721,733 | 19,473,134 | 248,599 | 17.8 | 0% |
| 2016 | 21,997,726 | 18,908,695 | 3,089,031 | 20.5 | 0% |
| 2017 | 25,168,087 | 23,280,167 | 1,887,920 | 17.8 | 0% |
| 2018 | 26,902,429 | 24,521,087 | 2,381,342 | 17.9 | 0% |
| 2019 | 29,413,293 | 28,890,830 | 522,463 | 16.3 | 0% |
| 2020 | 29,475,429 | 28,576,873 | 898,556 | 17.2 | 0% |
| 2021 | 31,256,825 | 30,579,905 | 676,920 | 16.1 | 0% |
| 2022 | 30,490,530 | 32,516,924 | −2,026,394 | 13.4 | 0% |
| 2023 | 32,912,751 | 38,482,415 | −5,569,664 | 10.1 | 0% |
In its most recent public year (2023), this organization spent $5,569,664 more than it brought in. Its reserves stood at about 10.1 months of spending, down from 17.3 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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