Is Transport Workers Union Legit?

The Transport Workers Union demonstrates consistent financial growth over the past decade, with revenue increasing from $18.29 million in 2014 to $28.15 million in 2023. The organization generally operates with a surplus, as evidenced by revenues exceeding expenses in most years, contributing to a steady increase in assets from $5.14 million in 2014 to $23.39 million in 2023. This indicates sound financial management and an ability to build reserves. However, a significant red flag appears in the 2023 filing, where liabilities surged to $35.47 million, far exceeding assets of $23.39 million. This represents a substantial increase from previous years where liabilities were minimal, and warrants further investigation into the nature of these obligations. While the organization has consistently reported 0% officer compensation, which suggests a focus on its mission rather than executive enrichment, the sudden spike in liabilities raises concerns about its long-term financial stability and could impact its ability to fund programs. Overall, the union exhibits strong revenue generation and asset accumulation trends, but the dramatic increase in liabilities in the latest filing is a critical point of concern for its financial health. Transparency regarding the nature of these liabilities would be crucial for a complete assessment.