AI Transparency Report
Laborers Union 1298 Of Nassau And Suffolk Counties Welfare Fund demonstrates consistent financial growth and appears to be a well-managed entity. Over the past decade, its revenue has steadily increased from $18.6 million in 2014 to $36.8 million in 2023, indicating strong financial health and sustainability. The organization consistently maintains a healthy asset base, reaching $46.1 million in 2023, significantly exceeding its liabilities of $755,726, which suggests robust financial stability and capacity to meet its obligations.
The organization's spending efficiency is notable, with expenses generally tracking below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $31.4 million against $36.8 million in revenue, resulting in a surplus. While specific program spending percentages are not detailed in the provided data, the overall financial picture suggests effective management of resources. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the organization's welfare objectives rather than executive salaries, which is a positive sign for transparency and mission focus.