Is Retail Wholesale & Department Store Union Legit?

The Retail Wholesale & Department Store Union demonstrates consistent financial activity, with revenues and expenses generally in the range of $9-12 million annually over the past decade. In the most recent filing (202312), the organization reported revenues of $9,652,032 against expenses of $11,103,190, indicating a deficit for that period. This trend of expenses exceeding revenue has been observed in several recent years (e.g., 202212, 201812, 201612), suggesting a need for careful financial management to maintain long-term sustainability, although assets remain robust at over $25 million. The organization consistently reports 0% officer compensation, which is a notable aspect of its financial structure and transparency regarding executive pay. While the NTEE code is unknown, making a direct comparison to peer organizations challenging, the consistent asset base of over $25 million indicates a stable financial foundation. The liabilities have remained relatively low compared to assets, generally under $350,000, which is a positive indicator of financial health. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is limited. The consistent reporting of 0% officer compensation suggests a commitment to minimizing top-level administrative costs, at least in terms of direct officer salaries. Overall, the union appears financially stable with substantial assets, but the recurring operational deficits in recent years warrant attention. The lack of officer compensation is a strong point for transparency and cost control at the executive level. A more detailed breakdown of expenses would further enhance the assessment of its spending efficiency and program focus.