Is International Brotherhood Of Teamsters Legit?

The International Brotherhood Of Teamsters in Cheektowaga, NY, demonstrates consistent financial stability with revenues generally exceeding expenses over the past decade. For instance, in 2023, revenue was $2,936,044 against expenses of $2,734,930, indicating a surplus. The organization has also shown steady asset growth, increasing from $900,122 in 2014 to $2,674,992 in 2023. This growth in assets, coupled with a relatively stable liability profile, suggests prudent financial management and an ability to build reserves. However, a detailed breakdown of spending efficiency (program vs. administrative vs. fundraising) is not explicitly provided in the summary data, making a precise assessment of spending efficiency challenging. The 'Officer Comp=0%' across all filings is a notable point regarding executive compensation, suggesting that the organization's leadership may be compensated through other means or that this specific line item on the 990 is not applicable or reported differently for this type of organization. Without a clear NTEE code, understanding its specific mission and how effectively it allocates resources to achieve it is also limited. Overall, the organization appears financially sound with a positive trend in assets and consistent operational surpluses. Transparency could be enhanced with more granular detail on expense allocation beyond just total expenses, especially for a labor organization where 'program' spending might encompass member services, advocacy, and collective bargaining efforts.