AI Transparency Report
Operating Engineers Union Local 30 30 A 30 B & 30 C demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2022, revenue was $3,118,991 against expenses of $2,643,751, indicating a surplus. However, the most recent filing (2023) shows expenses of $3,018,533 slightly exceeding revenue of $2,943,729, resulting in a minor deficit. The organization's assets have shown steady growth, increasing from $3,431,511 in 2014 to $9,038,909 in 2023, suggesting sound financial management and accumulation of resources. Liabilities have remained relatively low compared to assets, although there was a notable increase in 2023 to $881,131 from $605,285 in 2022, which warrants monitoring.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational surpluses in most years suggest that the organization is generally managing its expenses within its revenue streams. The absence of reported officer compensation across all filings indicates a potential for high efficiency in this area, or that compensation is structured differently and not reported under 'Officer Comp' on the 990 summary. Transparency is generally good through its consistent filing of IRS Form 990s, providing public access to its financial statements.
Overall, the organization appears to be in a stable financial position with growing assets and consistent revenue streams. The slight deficit in the most recent year is a minor concern but not indicative of systemic issues given the historical performance. The lack of detailed spending categories (program vs. admin vs. fundraising) is the primary limitation in fully evaluating spending efficiency and program focus.