Is I B E W Local 236 Health And Benefit Fund Plan Legit?

I B E W Local 236 Health And Benefit Fund Plan appears to be in a stable financial position, consistently maintaining significant assets relative to its annual expenses. For instance, in the latest filing (202306), the organization reported assets of $115,024,718 against expenses of $25,165,103, indicating a strong reserve. The organization's revenue has fluctuated over the years, with a notable increase to $32,095,781 in 202206 before a slight dip to $25,722,605 in 202306. However, expenses have generally remained well below revenue, allowing for asset growth. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its primary purpose, which is a positive indicator for spending efficiency and transparency. Given its nature as a health and benefit fund, the majority of its expenses would inherently be program-related, directly benefiting its members.