Is New York State Teamsters Council Health & Hospital Fund Legit?

The New York State Teamsters Council Health & Hospital Fund demonstrates robust financial health, with assets consistently growing, reaching $854,669,153 in the latest period. The organization's revenue has also shown a strong upward trend over the past decade, from $204,351,633 in 2014 to $269,978,568 currently. This growth indicates a stable and expanding financial base to support its mission. Spending efficiency appears high, as the organization consistently reports 0% officer compensation, suggesting that executive leadership is not drawing salaries from the fund. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a positive indicator of resource allocation. The fund's primary purpose, as a health and hospital fund, inherently involves significant direct benefit payments, which would constitute its program spending. Transparency is generally good, with a consistent history of 13 IRS 990 filings. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency, indicating that the fund's operations are managed without direct salary payments to its officers. Further analysis of the full 990 forms would be needed to fully assess detailed spending categories and other transparency metrics.