AI Transparency Report
The Central New York Laborers Health And Welfare Fund appears to be a financially stable organization, consistently maintaining assets significantly higher than its liabilities. For example, in the 202306 period, assets were $9,809,490 against liabilities of $163,738. The organization has generally managed its expenses well relative to its revenue, often operating with a surplus, as seen in 202306 where revenue was $2,916,803 and expenses were $2,595,268. However, there have been periods of deficit spending, such as in 202106 where expenses exceeded revenue by over $200,000. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, indicating that the organization's leadership is not directly compensated from the fund's operational budget, which is a positive sign for financial stewardship. The fund's primary purpose is likely to provide health and welfare benefits, which inherently means a significant portion of its expenses would be direct program services.