AI Transparency Report
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization's revenue has steadily increased from $2,048,082 in 2013 to $3,828,496 in 2023, accompanied by a significant rise in assets from $1,748,319 to $5,404,957. This growth indicates effective financial management and an ability to build reserves.
The organization consistently operates with a surplus, as evidenced by its revenues exceeding expenses in most reported periods. For instance, in 2023, revenue was $3,828,496 against expenses of $3,315,922, resulting in a surplus of over $500,000. This surplus contributes to asset growth and financial stability. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which can be a positive indicator of efficiency, though further details on program spending versus administrative costs would provide a more complete picture of spending efficiency. The organization's liabilities remain relatively low compared to its assets, indicating a strong balance sheet.