Is International Longshoremens Association Afl Cio Legit?

The International Longshoremen's Association AFL-CIO demonstrates consistent financial growth and strong asset accumulation over the past decade. With latest reported revenue of $49,646,630 and assets exceeding $100 million, the organization appears financially robust. The consistent positive difference between revenue and expenses across multiple years indicates sound financial management and an ability to build reserves. For instance, in 2022, revenue was $32,304,362 against expenses of $26,314,023, showing a surplus of nearly $6 million. While specific program spending ratios are not detailed in the provided summary, the absence of reported officer compensation across all filings suggests a unique compensation structure or that executive salaries are not reported in this section, which could impact a full assessment of transparency regarding leadership costs. The organization's liabilities have remained a relatively small portion of its total assets, indicating good financial stability. For example, in 2022, liabilities were $9,093,944 compared to assets of $90,414,649, a healthy ratio. Overall, the financial data points to a well-managed organization with a strong balance sheet and consistent revenue streams. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency and program focus. The lack of reported officer compensation could be a point of inquiry for a deeper transparency analysis.