AI Transparency Report
The Local 338 Benefits Trust Fund appears to be a well-established organization, as evidenced by its extensive filing history. However, a concerning trend is the consistent deficit spending in recent years. For example, in 2023, expenses of $3,653,270 significantly outstripped revenue of $1,833,937, and similar patterns are observed in 2022 and 2021. This sustained operational deficit has led to a notable decline in assets, from a peak of $14,772,251 in 2017 to $8,503,811 in 2023. While the organization reports 0% officer compensation, which is a positive indicator of resource allocation, the long-term financial sustainability is questionable given the ongoing revenue-expense imbalance. The lack of NTEE code information makes it difficult to benchmark against similar organizations, impacting transparency regarding its specific programmatic focus.