Is Local 807 Labor & Mgmt Health Fund Legit?

The Local 807 Labor & Mgmt Health Fund appears to be in a stable financial position, consistently maintaining substantial assets relative to its liabilities. For example, in the 202308 period, assets were $73,235,727 against liabilities of $2,574,918. The organization's revenue has fluctuated over the years, with a notable increase to $18,002,169 in 202308 from $11,681,321 in 202208, indicating variability in its funding streams. Spending efficiency seems reasonable, with expenses generally lower than revenue in most periods, allowing for asset growth. For instance, in 202308, expenses were $11,220,565 against $18,002,169 in revenue. The organization's primary function as a health fund suggests that a significant portion of its expenses would be directed towards program services (i.e., health benefits). The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a focus on mission over executive pay. This practice minimizes potential conflicts of interest and ensures that funds are directed towards the beneficiaries. The steady growth in assets over the past decade, from $55,353,886 in 201408 to $73,235,727 in 202308, further underscores its financial health and ability to sustain its operations.