Is Service Employees 32 Bj North Health Fund Legit?

The Service Employees 32 Bj North Health Fund demonstrates consistent financial health, with revenues generally exceeding expenses over the past decade. For instance, in 2023, revenue was $52,039,620 against expenses of $47,977,298, indicating a surplus. The organization's assets have also shown steady growth, increasing from $26,156,916 in 2014 to $59,854,991 in 2023, suggesting sound financial management and accumulation of reserves. Liabilities remain relatively low compared to assets, further indicating financial stability. Regarding spending efficiency, the provided data indicates that the organization's primary function is likely related to health benefits, given its NTEE code (Y43 - Employee Benefit Organizations) and the nature of its name. Without a detailed breakdown of program service expenses versus administrative and fundraising costs, a precise efficiency assessment is challenging. However, the consistent surplus and asset growth suggest that the organization is effectively managing its resources to meet its objectives. The absence of reported officer compensation is a notable aspect of its financial structure. In terms of transparency, the organization has a robust filing history with 14 IRS 990 filings, demonstrating a commitment to public disclosure. The consistent reporting of financial data, including revenue, expenses, assets, and liabilities, allows for a clear overview of its financial operations. The lack of officer compensation reported in the filings simplifies the analysis of executive pay, indicating that leadership compensation is not a significant financial outflow from the organization itself.