Is United Plant & Production Workers Local 175 Welfare Fund Legit?

The United Plant & Production Workers Local 175 Welfare Fund demonstrates consistent financial growth and a strong asset base. Over the past decade, its assets have grown from $17.6 million in 2014 to $49.1 million in 2023, while annual revenue has increased from $10.2 million to $12.1 million in the same period. The organization consistently reports zero officer compensation, which is a positive indicator for transparency and efficient use of funds, as it suggests that the fund's primary purpose is to serve its beneficiaries without significant overhead for executive salaries. The fund's liabilities remain relatively low compared to its assets, indicating good financial stability. The fund's spending efficiency appears robust, with expenses consistently lower than revenue, allowing for asset accumulation. For example, in 2023, expenses were $10.8 million against $12.1 million in revenue. Given its NTEE code (Y43 - Employee Welfare Funds), the majority of its expenses are likely direct benefit payments or related administrative costs. The absence of reported officer compensation further supports the notion of a lean operational structure focused on its mission. The consistent filing of IRS 990s over 13 periods also points to a commitment to regulatory compliance and transparency.