AI Transparency Report
The International Union Of Operating Engineers Local 15 15 A 15 B 15 C 15 D demonstrates a generally stable financial position with consistent revenue growth over the past decade. In the latest reported period (202312), the organization generated $25,631,489 in revenue against $19,847,744 in expenses, indicating a healthy surplus. Assets have also shown significant growth, increasing from $20,500,916 in 2014 to $88,276,140 in 2023, reflecting strong financial management and accumulation of resources. However, the liabilities in 2023 ($77,359) and 2022 ($82,383) are notable compared to previous years where liabilities were often reported as zero, which warrants further investigation into their nature and impact on the organization's financial flexibility.
Spending efficiency appears reasonable, with expenses consistently lower than revenue, allowing for asset accumulation. The consistent reporting of 0% officer compensation across all available filings suggests that the organization's leadership is not directly compensated through this mechanism, which could be a positive indicator of resource allocation towards its mission. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The NTEE code being unknown also limits the ability to benchmark against similar organizations.
Transparency regarding executive compensation is high, with zero reported officer compensation. However, the lack of detailed expense categorization in the provided data makes it difficult to fully assess the allocation of funds to programs versus administrative or fundraising activities. The significant increase in liabilities in recent years, after many years of reporting zero, could be a point of concern for transparency if not adequately explained in public filings. Overall, the organization appears financially sound, but more granular expense data would enhance the assessment of its operational efficiency and transparency.