Is Local 463 Health Fund Legit?

The Local 463 Health Fund appears to be a well-managed organization with a consistent history of positive net income, indicating sound financial health. For instance, in 2016, the fund reported revenues of $3,267,386 against expenses of $3,174,600, resulting in a surplus. This trend of revenues exceeding expenses is observed across most of the provided filing periods, contributing to a steady growth in assets from $1,727,717 in 2011 to $2,751,344 in 2016. The organization consistently maintains a healthy asset-to-liability ratio, suggesting good solvency. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent surpluses suggest that the organization is effectively managing its overall expenditures relative to its income. The absence of reported officer compensation across all filings indicates a potential for high efficiency in administrative overhead, or that compensation is structured differently and not reported under 'officer compensation' on the 990. Transparency is generally good given the availability of 990 filings. The consistent reporting of zero officer compensation is a notable point, which could be interpreted positively as a lack of high executive salaries, or it might warrant further investigation into how leadership is compensated if at all. The lack of a specified NTEE code makes it harder to benchmark against similar organizations, but the financial data itself is clearly presented.