Is Local 138 138 A & 138 B Welfare Inter National Union Of Operating Legit?

Local 138 138 A & 138 B Welfare Inter National Union Of Operating demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization has seen its revenue steadily increase from $20.3 million in 2014 to $49.3 million in the latest period, with assets growing from $6.8 million to $33.1 million. This growth indicates effective management of its financial resources. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the organization consistently reports expenses that are well-aligned with its revenue, often leaving a surplus that contributes to asset growth. For instance, in 2023, revenue was $47.2 million against expenses of $45.9 million, showing a positive operating margin. The absence of reported officer compensation is a notable aspect of its financial structure. Transparency, based on the provided data, is moderate. While the organization files its IRS 990s regularly, the lack of detailed expense categories (program, admin, fundraising) in the summary makes a comprehensive assessment of spending efficiency challenging. The consistent filing history is a positive indicator of compliance and basic financial disclosure.