AI Transparency Report
International Union Of Operating Engineers Local 138 138 A & 138 B demonstrates consistent financial growth over the past decade, with revenue increasing from $2,944,515 in 2014 to $5,751,988 in 2023. The organization has also significantly built its asset base, growing from $500,531 in 2014 to $5,144,504 in 2023, indicating strong financial management and accumulation of resources. Notably, the organization has reported zero liabilities in its most recent filings (2020-2023), which is a strong indicator of financial stability and low risk.
Spending efficiency appears robust, as expenses have generally remained below revenue, allowing for asset growth. For instance, in 2023, expenses were $4,254,297 against revenues of $5,751,988, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings suggests that executive leadership is not drawing salaries from the organization, which is a significant positive for donor confidence and resource allocation directly to the union's activities. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.
Transparency is generally good given the consistent filing of IRS Form 990s. The absence of reported officer compensation is a highly transparent practice. However, the lack of NTEE code information and a detailed functional expense breakdown in the provided data limits a deeper analysis of how funds are specifically allocated across programs, administration, and fundraising. Further transparency on these specific expense categories would enhance the overall assessment.