Sheet Metal Benefit Plans Administrative Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,788,716 | 4,692,037 | 96,679 | 1.1 | 55% |
| 2012 | 4,521,079 | 4,476,165 | 44,914 | 1.3 | 54% |
| 2013 | 4,430,756 | 4,464,769 | −34,013 | 1.2 | 54% |
| 2014 | 4,397,312 | 4,532,900 | −135,588 | 0.9 | 53% |
| 2015 | 4,794,882 | 4,678,968 | 115,914 | 1.1 | 52% |
| 2016 | 4,722,947 | 4,731,278 | −8,331 | 1.1 | 53% |
| 2017 | 4,972,521 | 4,972,521 | 0 | 1.0 | 55% |
| 2018 | 4,997,789 | 4,997,789 | 0 | 1.0 | 52% |
| 2019 | 5,381,152 | 5,381,152 | 0 | 1.0 | 48% |
| 2020 | 5,650,835 | 5,650,835 | 0 | 0.9 | 45% |
| 2021 | 5,749,173 | 5,749,173 | 0 | 0.9 | 49% |
| 2022 | 5,458,093 | 5,458,093 | 0 | 0.9 | 47% |
| 2023 | 5,603,164 | 5,603,164 | 0 | 0.9 | 46% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 0.9 months of spending. Staff pay was 46% 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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