AI Transparency Report
The International Longshoremans Association demonstrates consistent financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $6.7 million in 2014 to over $10.9 million in 2023, with assets growing from $17.6 million to $53.2 million in the same period. The organization consistently operates with a significant surplus, as evidenced by 2023 revenue of $10,955,226 against expenses of $5,643,688, indicating robust financial health and capacity for future operations.
However, a key area for further transparency is the breakdown of expenses. Without specific program service expense data, it's challenging to fully assess spending efficiency and the proportion of funds directly supporting its mission. The consistent reporting of 0% officer compensation across all filings is notable, suggesting either a volunteer-led executive structure or that compensation is reported under other expense categories, which would warrant clarification for complete transparency.
Overall, the organization appears financially stable and well-managed in terms of revenue generation and asset growth. Greater detail on program spending versus administrative and fundraising costs would enhance its transparency profile and allow for a more precise evaluation of its operational efficiency and direct impact.