Is United Service Workers Union Legit?

The United Service Workers Union demonstrates consistent financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $14,075,683 in 2014 to $19,969,722 in 2023, with total assets growing significantly from $17,495,487 to $68,211,430 in the same period. This indicates effective financial management and an ability to build reserves. The organization consistently spends less than its revenue, allowing for asset growth, though the specific breakdown of program, administrative, and fundraising expenses is not detailed in the provided summary data, which limits a full assessment of spending efficiency. One notable aspect is the reported 0% officer compensation across all filings, which suggests that executive leadership may be compensated through other means not categorized as 'officer compensation' or that the organization operates with a volunteer executive structure, which would be highly efficient. However, without more detailed expense breakdowns from the full 990 forms, it's challenging to fully evaluate the efficiency of their spending across different categories. The significant increase in liabilities in 2023 to $103,937 from previous years' lower figures warrants further investigation to understand its nature and impact on financial health. Overall, the union appears financially robust with a strong balance sheet and consistent revenue generation. The lack of detailed expense categorization in the provided data is the primary limitation for a comprehensive transparency assessment, particularly regarding how funds are allocated between direct services, overhead, and fundraising efforts. The consistent growth in assets, however, points to a well-managed financial operation.