Is Teamsters Local 210 Affliated Health And Insurance Fund Legit?

Teamsters Local 210 Affiliated Health And Insurance Fund demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, the organization reported revenues of $60,139,348 against expenses of $55,072,742, indicating a healthy surplus. The organization's assets have shown growth, reaching $22,345,277 in 2023, up from $10,978,099 in 2014, suggesting sound financial management and accumulation of reserves. The consistent reporting of zero liabilities in most recent filings further underscores a strong balance sheet. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, as a health and insurance fund, the vast majority of its expenses are inherently programmatic, directly benefiting its members. The absence of reported officer compensation in all available filings suggests a highly efficient operational structure, potentially relying on volunteer leadership or compensation being covered by an affiliated entity, which would contribute to a high program spending ratio. Transparency appears to be strong given the consistent filing of IRS Form 990s over 13 periods. The consistent reporting of zero officer compensation is a notable point for transparency, indicating either a volunteer board or that compensation is handled by an affiliated entity, which would require further investigation for complete clarity. Overall, the fund appears to be financially stable and focused on its core mission of providing health and insurance benefits.