ILWU LOCAL 142 VEBA TRUST (EIN 202142939) - Form 990 Financial Analysis & Trantor Score

🔒

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

2004

Legal Domicile

Principal Officer

MICHAEL DE LA CRUZ

Phone

8084418600

Tax Period

2024-01-01 to 2024-12-31

ILWU LOCAL 142 VEBA TRUST, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $268K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $63K, a strong 23% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $320,758

Investment Income $-52,311

Other Revenue $0

TOTAL REVENUE $268,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $137,936

TOTAL EXPENSES $205,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,447	$427,539	-0.4%
Expenses	$205,528	$137,965	+0.5%
Net Income	$62,919	$289,574	-0.8%

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

N/A

Employees

N/A

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
MICHAEL DE LA CRUZ	CHAIRMAN	1.0	Officer Director	$0	$0	$0
CHAD PACHECO	CO-CHAIRMAN	1.0	Officer Director	$0	$0	$0
CLAYTON DE LA CRUZ	TRUSTEE	1.0	Director	$0	$0	$0
PARIS FERNANDEZ	TRUSTEE	1.0	Director	$0	$0	$0
CORINNE NGUYEN	TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
CHRISTIAN WEST	TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
RHONDA MORRIS	TRUSTEE - EFF.1/19/2024	1.0	Director	$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	$268,447	$205,528	$6,519,862	$62,919
2023	$427,539	$137,965	$6,097,199	$289,574
2022	$494,035	$176,246	$6,053,550	$317,789
2021	$565,084	$196,879	$5,735,761	$368,205
2020	$645,349	$197,697	$5,367,556	$447,652
2019	$559,574	$221,350	$4,974,609	$338,224
2018	$471,359	$225,328	$4,636,385	$246,031

ILWU LOCAL 142 VEBA TRUST