Is Yonkers Federation Of Teachers Welfare Fund Legit?

The Yonkers Federation Of Teachers Welfare Fund demonstrates consistent financial growth and stability over the past decade. The organization's assets have steadily increased from $5,580,148 in 2014 to $10,958,087 in 2023, indicating sound financial management and accumulation of reserves. Revenue has also shown a positive trend, growing from $5,278,623 in 2014 to $6,735,413 in 2023, consistently exceeding expenses in most years, which contributes to asset growth. The organization appears to be efficient in its operations, as evidenced by the consistent surplus of revenue over expenses in most recent years. For instance, in 2023, revenue was $6,735,413 against expenses of $6,085,746, resulting in a surplus. A key aspect of its transparency is the reported 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for complete understanding. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to regulatory compliance and public disclosure.