Is Solid Waste Services Inc Veba Tr Legit?

Solid Waste Services Inc Veba Tr appears to be a financially stable organization, consistently maintaining positive assets and no reported liabilities across all available filings. In its latest filing (202312), the organization reported revenue of $6,875,000 against expenses of $5,025,351, resulting in a surplus for the period. This trend of managing expenses below or near revenue is generally positive, indicating sound financial management. The organization's assets have also shown growth, increasing from $4,337,200 in 201412 to $6,223,591 in 202312. Given the NTEE code Y43, which typically relates to employee benefit plans or trusts, the absence of officer compensation reported across all filings is a significant indicator of transparency and efficient use of funds, as it suggests that the trust is managed without direct compensation to its officers from the trust's operational budget. This structure aligns well with the purpose of a VEBA (Voluntary Employees' Beneficiary Association) trust, which is to provide benefits to employees. The consistent reporting of zero liabilities further strengthens the assessment of its financial health and responsible stewardship of funds. Overall, Solid Waste Services Inc Veba Tr demonstrates strong financial health, efficient management with no reported officer compensation, and a clear financial structure with no liabilities. The consistent growth in assets and responsible expense management over a decade of filings suggest a well-managed and transparent operation, particularly for an organization of its type.