No red flags identified.
AI Transparency Report
The Plumbers And Pipefitters Local Union No 421 Vacation Fund appears to be a pass-through entity designed to manage vacation funds for its members, as indicated by its NTEE code Y43 (Labor Unions and Auxiliaries) and the fact that its expenses consistently match its revenue in both reported periods ($1,191,090 revenue vs. $1,191,090 expenses in 2023; $1,293,053 revenue vs. $1,293,053 expenses in 2022). This suggests that nearly all incoming funds are disbursed to members as intended, rather than being retained or spent on administrative overhead. The organization's assets ($2,643,197 latest) are closely aligned with its liabilities ($1,193,052 in 2023 and $1,270,364 in 2022), which is typical for a fund holding member assets. The consistent zero officer compensation further reinforces its operational model as a direct benefit fund.