Is International Brotherhood Of Teamsters Supplemental Benefits Tr Legit?

The International Brotherhood Of Teamsters Supplemental Benefits Tr demonstrates a consistent financial operation, primarily focused on managing supplemental benefits. Over the past several years, the organization has maintained a healthy asset base, growing from $8.6 million in 2014 to $25 million in 2023. While revenue and expenses fluctuate, the organization generally operates with a surplus, as seen in 2021 where revenue was $2.5 million against expenses of $767,509. However, the latest filing for 2023 shows expenses ($4,943,104) exceeding revenue ($3,369,398), indicating a deficit for that period. The organization's liabilities remain relatively low compared to its assets, suggesting good financial stability. Spending efficiency appears to be strong in terms of program delivery, given its nature as a benefits trust. The absence of officer compensation reported across all filings indicates that executive leadership is not drawing a salary from the trust, which is a significant positive for spending efficiency. The primary expenditures would likely be benefit payouts and administrative costs associated with managing the trust. The consistent growth in assets over the decade further supports sound financial management. Transparency is high, evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear reporting of zero officer compensation. This level of detail allows for a thorough review of the organization's financial activities. The NTEE code J400 (Employee or Member Welfare Benefit Plans) aligns with its name and likely operational focus, further enhancing clarity on its mission and activities.