Is Northwestern Ohio Plumbers And Pipefitters Retiree Health And Wel Legit?

Northwestern Ohio Plumbers And Pipefitters Retiree Health And Wel, operating as a Y43 (Pension / Retirement Issues) organization, exhibits fluctuating financial performance over the past decade. In 2022, the organization reported revenue of $4,023,636 against expenses of $5,398,441, indicating a deficit for the period. This follows a similar trend in 2021 where expenses significantly outpaced revenue ($6,389,772 vs. $2,085,527). However, prior years like 2020 and 2019 showed healthy surpluses, with revenues of $6,555,549 and $8,809,261 respectively, exceeding expenses. The organization's assets have also seen considerable fluctuation, peaking at $26,013,213 in 2020 and decreasing to $20,180,373 by 2022. Given its NTEE code, these fluctuations might be tied to investment performance or benefit payout cycles inherent to retiree health and welfare funds. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial efficiency and a commitment to directing funds towards its primary purpose. While specific program spending ratios are not detailed in the provided summary, the absence of executive compensation suggests a lean operational structure. The consistent reporting of liabilities, ranging from $525,180 to $1,625,783, is typical for an organization managing health and welfare benefits, reflecting future obligations. Overall, the organization demonstrates a commitment to transparency through its regular IRS 990 filings and the clear reporting of no officer compensation. Its financial health appears to be managed within the context of its specific mission, with periods of deficit likely offset by prior surpluses or strategic asset management. Further analysis of detailed program service expenses would provide a more granular understanding of spending efficiency.