Is Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy Legit?

The Sick Benefit Fund Of Local 223 Amalgamated Industrial & Toy demonstrates consistent financial activity, with revenues and expenses generally in the range of $9 million to $12 million annually, though 2020 saw a significant revenue spike to over $19 million. The organization consistently maintains substantial assets, typically exceeding $20 million, which provides a strong financial cushion. Liabilities are generally very low, indicating good financial management and minimal debt burden. The organization's financial health appears stable, with assets significantly outweighing liabilities across all reported periods. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The absence of reported officer compensation suggests either a volunteer-led structure or compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere.