Is International Brotherhood Electrical Workers Local 139<Welfa Legit?

International Brotherhood Electrical Workers Local 139 (IBEW Local 139) demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, contributing to a steady growth in assets. For instance, in the 202106 period, revenue was $6,140,554 against expenses of $4,183,732, leading to a significant increase in assets to $29,865,856. While the organization's NTEE code is unknown, making direct programmatic efficiency comparisons difficult, the consistent positive net income suggests sound financial management. The organization's liabilities remain relatively low compared to its assets, indicating a healthy balance sheet. However, a key aspect of transparency, the breakdown of spending into program, administrative, and fundraising categories, is not explicitly provided in the summary data. Without this detail, it's challenging to fully assess spending efficiency and how much of its resources directly support its mission. The consistent reporting of 0% officer compensation across all available filings is a notable point regarding executive pay, suggesting either a volunteer leadership structure or compensation being reported under other expense categories, which would warrant further investigation for complete transparency. Overall, IBEW Local 139 appears financially stable with growing assets and controlled liabilities. The absence of reported officer compensation is a positive indicator for resource allocation, assuming it reflects actual practice. However, the lack of detailed spending breakdowns limits a comprehensive assessment of its operational efficiency and programmatic impact, which are crucial for full transparency.