NYSA-ILA CONTAINER ROYALTY FUND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Phone

2014793605

Tax Period

2024-01-01 to 2024-12-31

NYSA-ILA CONTAINER ROYALTY FUND, founded in 1962, is a major nonprofit that reported $104.6M in total revenue in fiscal year 2024.

Mission

THE FUND IS A MULTIEMPLOYER WELFARE EMPLOYEE BENEFITS FUND THAT WAS ESTABLISHED TO PROTECT EMPLOYEES OF THE LONGSHORE INDUSTRY FROM DECREASING EMPLOYMENT OPPORTUNITIES RESULTING FROM THE USE OF CONTAINERS.

Program Service Accomplishments

Program 1

THE FUND ACCOMPLISHED ITS MISSION IN MEETING ITS OBLIGATION TO PAY SUPPLEMENTAL BENEFITS TO ELIGIBLE PARTICIPANTS.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $101,300,050

Investment Income $3,253,993

Other Revenue $14,499

TOTAL REVENUE $104,568,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,569

Fundraising Expenses $0

Other Expenses $19,450,570

TOTAL EXPENSES $106,986,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,568,542	$101,349,076	+0.0%
Expenses	$106,986,465	$93,719,787	+0.1%
Net Income	$-2,417,923	$7,629,289	-1.3%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

4232

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW MILLICHIP	EMPLOYEE	35.00		$132,324	$39,181	$171,505
JOHN NARDI	Trustee	0.00	Director	$0	$0	$0
STEPHEN KNOTT	Trustee	0.00	Director	$0	$0	$0
KURT MITTENZWEI	Trustee	0.00	Director	$0	$0	$0
JOHN ATKINS	Trustee	0.00	Director	$0	$0	$0
MITCHELL HSU	Trustee	0.00	Director	$0	$0	$0
BRANDON GARCIA	Alt. Trustee	0.00	Director	$0	$0	$0
MICHAEL VIGNERON	Trustee	0.00	Director	$0	$0	$0
DAVID CICALESE	Trustee	0.00	Director	$0	$0	$0
DENNIS DAGGETT	Trustee	0.00	Director	$0	$0	$0
MICHAEL IZZO	Alt. Trustee	0.00	Director	$0	$0	$0
SCOTT POLIN	Alt. Trustee	0.00	Director	$0	$0	$0
HAROLD DAGGETT	Trustee	0.00	Director	$0	$0	$0
JAMES STOLPINSKI	Trustee	0.00	Director	$0	$0	$0
THORSTEN SCHMITTBERGER	Trustee	0.00	Director	$0	$0	$0
VIRGIL MALDONADO	Trustee	0.00	Director	$0	$0	$0
CLIFTON BUDDY SMITH	Alt. Trustee	0.00	Director	$0	$0	$0
DOMINICK GAUDIOSO	Treasurer	0.00	Officer	$0	$0	$0

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
2024	$104,568,542	$106,986,465	$56,443,061	$-2,417,923
2023	$101,349,076	$93,719,787	$57,207,430	$7,629,289
2022	$135,480,217	$133,843,578	$63,535,885	$1,636,639
2021	$104,394,382	$97,657,858	$55,480,172	$6,736,524
2020	$98,328,882	$85,675,590	$46,353,666	$12,653,292
2019	$90,194,732	$94,428,284	$50,044,592	$-4,233,552
2018	$84,796,969	$85,104,076	$49,046,565	$-307,107