Is Private Sanitation Union 813 Insurance Trust Fund Legit?

The Private Sanitation Union 813 Insurance Trust Fund demonstrates consistent financial activity, primarily focused on providing benefits to its members. Over the past decade, the organization has maintained a stable revenue stream, averaging around $27 million annually, with corresponding expenses. For instance, in 2023, revenue was $28,621,932 against expenses of $27,827,732, indicating a close alignment between income and outgo. The organization's assets have shown growth, increasing from $36,649,000 in 2014 to $59,657,048 in 2023, suggesting sound financial management and accumulation of reserves. Liabilities have remained manageable relative to assets, typically ranging between $7-9 million. Spending efficiency appears to be high, as the primary function of an insurance trust fund is to disburse benefits, which are categorized as program service expenses. The consistent expenditure levels relative to revenue suggest that funds are being utilized for their intended purpose. The absence of reported officer compensation across all available filings indicates a lean administrative structure at the executive level, which is a positive sign for efficiency and ensuring funds are directed towards beneficiaries. Transparency is generally good, with 14 filings available, demonstrating a regular reporting history. The consistent reporting of zero officer compensation is a key transparency indicator. While a detailed breakdown of administrative and fundraising costs isn't explicitly provided in the summary data, the nature of an insurance trust fund typically implies that the vast majority of expenses are directly related to program services (i.e., benefits paid).