AI Transparency Report
The Theatrical Teamsters Local 817 Welfare Fund demonstrates a generally stable financial position with significant assets, though recent filings show fluctuations in revenue and expenses. In 2023, the organization reported revenue of $28,567,402 against expenses of $58,261,216, indicating a substantial deficit for that period. This contrasts with 2022, where revenue of $52,108,463 exceeded expenses of $46,746,323. The fund consistently maintains a strong asset base, with $74,803,845 in assets in 2023 and $96,982,997 in 2022, significantly outweighing its liabilities.
The organization's financial health appears robust due to its substantial asset reserves, which can absorb periods of operational deficits. However, the significant expense increase in 2023 relative to revenue warrants closer examination to understand the underlying causes. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in that specific area, which is a positive indicator for spending efficiency. Given its nature as a welfare fund, its primary 'program' spending would be on benefits, which is reflected in its high overall expenses.