Quick charity verification for Amalgamated Transit Union (EIN: 111554402)
Verdict: Amalgamated Transit Union appears trustworthy
90/100Mission Score
$11.2MRevenue
$27.6MAssets
2Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported elsewhere or through non-standard means.
Significant deficit in 201406 period where expenses ($9.1M) substantially exceeded revenue ($6.7M) without immediate explanation in the provided data.
Strengths
Strong and consistent revenue growth over the past decade, from $6.7M in 2014 to $10.0M in 2023.
Healthy asset accumulation, with assets growing from $12.8M to $24.3M over the last 10 years, indicating financial stability.
Generally operates with a surplus, demonstrating effective financial management and sustainability.
Low liabilities relative to assets in most years, suggesting a strong balance sheet.
High transparency regarding executive compensation, reporting 0% officer compensation.
AI Transparency Report
The Amalgamated Transit Union (ATU) demonstrates consistent financial growth and a strong asset base. Over the past decade, revenue has steadily increased from $6.7 million in 2014 to over $10 million in 2023, with assets growing from $12.8 million to $24.3 million in the same period. This indicates sound financial management and an ability to build reserves. The organization consistently operates with a surplus, as evidenced by revenues generally exceeding expenses, except for a notable deficit in 2014 where expenses ($9.1M) surpassed revenue ($6.7M).
Spending efficiency appears robust, with a healthy surplus in most years, suggesting that the ATU is effectively managing its operational costs relative to its income. The consistent growth in assets further supports this, indicating that the organization is not just covering expenses but also building its financial capacity. Transparency is high regarding executive compensation, as the filings consistently report 0% officer compensation, which is a significant positive for a nonprofit.