Is Ufcw Local 2013 Health And Welfare Fund Legit?

Ufcw Local 2013 Health And Welfare Fund demonstrates a strong and consistent financial position, primarily due to its nature as a health and welfare fund. Over the past eight years, the organization has consistently reported revenues exceeding expenses, leading to a significant growth in assets from $28.7 million in 2016 to $74.8 million in 2023. This indicates sound financial management and an ability to build reserves to meet future obligations. The fund's primary purpose is to provide health and welfare benefits, which inherently means a high proportion of its spending is directly on program services. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive compensation is not a significant drain on resources, or that the fund's structure does not involve traditional 'officer' compensation as reported on the 990. This practice contributes positively to its perceived efficiency and dedication to its beneficiaries. The substantial growth in assets, particularly the jump from $61.9 million in 2022 to $74.8 million in 2023, alongside a revenue increase from $33.6 million to $40.6 million in the same period, further underscores its robust financial health and capacity to fulfill its mission.