Is Teamsters Local Union No 408 I B Of T Welfare Fund Legit?
Quick charity verification for Teamsters Local Union No 408 I B Of T Welfare Fund (EIN: 221668940)
Verdict: Teamsters Local Union No 408 I B Of T Welfare Fund shows mixed signals
65/100Mission Score
$15.9MRevenue
$13.4MAssets
3Red Flags
2Strengths
Red Flags
Zero reported program service expenses (0%) raises significant concerns about the fund's direct benefit to members.
Consistent net losses (expenses exceeding revenue) over multiple years (e.g., $3,864,102 revenue vs. $4,214,050 expenses in 2023) are unsustainable.
The substantial increase in liabilities to $494,406 in 2023 warrants further investigation.
Strengths
The fund maintains a significant asset base, with $12,727,013 in assets reported for 2023.
Assets have remained relatively stable over the past several years, despite operational losses.
AI Transparency Report
Teamsters Local Union No 408 I B Of T Welfare Fund is a unknown nonprofit based in Union, New Jersey, with reported revenue of $15.9M and assets of $13.4M. Our AI analysis assigns a Mission Score of 65/100 (Good). Executive compensation cannot be assessed as specific figures for individual executives are not provided in the summarized data. Revenue has declined -39% across 13 filing periods.