Is International Longshoremens Association Legit?

The International Longshoremens Association demonstrates a generally stable financial position, with assets consistently exceeding liabilities across the reported periods. However, the organization has experienced fluctuating financial performance, with expenses exceeding revenue in several recent years, including 2023 ($9,708,210 expenses vs. $9,090,413 revenue) and 2022 ($7,597,875 expenses vs. $5,647,718 revenue). This trend of operating deficits could indicate a need for closer scrutiny of spending or revenue generation strategies to ensure long-term sustainability. Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (programs, administration, fundraising) which is not provided in the summary data. The consistent reporting of 0% officer compensation across all periods is a notable point regarding executive pay, suggesting that top leadership may not be directly compensated through the organization's reported officer compensation line item, or that compensation is structured differently. This could be a positive indicator of resource allocation, but also warrants further investigation into how leadership is supported. Transparency is moderately good given the availability of multiple years of IRS 990 filings. However, the lack of an NTEE code makes it harder to benchmark against similar organizations. The absence of reported officer compensation, while potentially positive, could also raise questions about the full picture of leadership remuneration if not clearly explained in the full 990 forms.