Is Laborers International Union Of North America Legit?

Laborers International Union Of North America demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, contributing to a steady growth in assets. For example, in 2023, revenue was $6,081,865 against expenses of $5,714,772, resulting in a surplus. The organization's assets have grown from $3,658,332 in 2014 to $5,393,982 in 2023, indicating financial stability and accumulation of resources. Liabilities have remained very low or zero across most periods, suggesting a healthy balance sheet and minimal debt burden. The spending efficiency, while not fully detailed in the provided data, shows that the organization consistently spends a significant portion of its revenue on its operations. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated. However, the consistent operational expenses relative to revenue suggest that the organization is actively utilizing its funds. The absence of reported officer compensation across all filings indicates a high degree of transparency regarding executive pay, or that compensation is structured in a way that it is not reported as 'officer compensation' in the standard 990 section, which warrants further investigation for complete transparency. Overall, the organization appears financially sound with a positive trend in asset growth and controlled liabilities. The lack of reported officer compensation is a notable point for transparency, as it could either mean no compensation is paid to officers or it is reported under a different category. Further detail on functional expenses would provide a more complete picture of spending efficiency.