Is Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 Legit?

Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization's assets have grown significantly, from $2,732,218 in 2014 to $12,078,975 in 2023, indicating strong asset management and accumulation. Revenue has also shown a positive trend, with the latest reported revenue at $4,316,627 in 2023, up from $4,061,547 in 2014. The organization consistently reports zero officer compensation, which suggests a volunteer-led or externally compensated leadership structure, contributing to lower administrative overhead. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories. However, the consistent surplus of revenue over expenses (e.g., $4,316,627 revenue vs. $3,258,640 expenses in 2023) indicates sound financial management and the ability to build reserves. The low liabilities relative to assets across all reported periods (e.g., $58,597 liabilities vs. $12,078,975 assets in 2023) further reinforces its financial stability. The lack of reported officer compensation is a positive indicator for minimizing overhead, though the specific allocation of other expenses would provide a clearer picture of program efficiency. Transparency regarding the specific allocation of expenses is limited by the provided data, as a detailed breakdown of program, administrative, and fundraising costs is not available. However, the consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory compliance and public disclosure of its financial activities. The absence of officer compensation is a notable transparency point, indicating that leadership is not directly compensated through the organization's funds, which can be viewed favorably by donors and stakeholders.