AI Transparency Report
The Local 812 Health Fund, operating out of Great Neck, NY, appears to be a large organization with significant revenue, most recently reported at $49,997,785 in 2023. Its financial health shows some volatility, with expenses exceeding revenue in several recent years (e.g., 2022, 2021, 2020, 2019, 2018, 2017, 2015), leading to a decline in assets from a high of $44,739,833 in 2017 to $12,829,281 in 2023. This trend suggests a reliance on existing assets to cover operational costs. The organization consistently reports 0% officer compensation, which is a positive indicator for transparency regarding executive pay. However, the consistent and substantial liabilities, reaching $24,112,687 in 2023, warrant closer examination to understand their nature and impact on long-term stability.