International Cargo Gear Bureau Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

Edward Wilmot

Phone

5162629247

Tax Period

2023-07-01 to 2024-06-30

International Cargo Gear Bureau Inc, founded in 1966, is a small nonprofit that reported $683K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $135K, a strong 20% operating margin.

Mission

Business League

Program Service Accomplishments

Program 1

See statement of Program Services Revenues and Activities: International Cargo Gear Bureau, Inc, (ICGB) is a non-profit membership IRC 501(c)6 corporation organized and operating in the United States using American products, materials and labor, which provides recognized registration, inspection, certification, documentation design evaluation and consulting services throughout the world for material handeling equipment ashore and afloat including shipboard cargo gear, cranes, derricks, cargo containers, road vehicles and related devices.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $677,749

Investment Income $4,953

Other Revenue $0

TOTAL REVENUE $682,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,429

Fundraising Expenses $0

Other Expenses $209,566

TOTAL EXPENSES $547,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$682,702	$748,304	-0.1%
Expenses	$547,995	$802,717	-0.3%
Net Income	$134,707	$-54,413	-3.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$131,000

Total Directors

$132,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph J Cox	Exec VP/Director	0.10	Officer Director	$0	$0	$0
Edward F Wilmot	Chairman/President	8.00	Officer Director	$130,000	$0	$130,000
Tom Zielinski	Sec/Dir	0.10	Officer Director	$0	$0	$0
JJ McNamara	VP Operations/Dir	0.10	Officer Director	$0	$0	$500
John Gambino	Treasurer/Dir	0.10	Officer Director	$0	$0	$500
John Cammarotta	Dir	0.10	Director	$0	$0	$500
Robert Kershis	Dir	0.10	Director	$0	$0	$500
Jim Forde	General Counsel	0.10	Director	$0	$0	$500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$682,702	$547,995	$519,036	$134,707
2023	$748,304	$802,717	$590,996	$-54,413
2022	$738,437	$680,265	$460,100	$58,172
2021	$747,697	$754,919	$443,496	$-7,222
2020	$720,730	$898,970	$402,575	$-178,240
2019	$693,821	$730,974	$540,385	$-37,153
2018	$754,596	$855,796	$594,475	$-101,200