INTERNATIONAL LONGSHOREMENS 1588 ILA (EIN 221010703) - Form 990 Financial Analysis & Trantor Score

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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

1938

Legal Domicile

Principal Officer

VIRGIL MALDONADO

Phone

2014373452

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL LONGSHOREMENS 1588 ILA, founded in 1938, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 50% operating deficit.

Mission

ORDINARY UNION ACTIVITIES SERVING MEMBERSHIP

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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 (2023)

Revenue Breakdown

Contributions & Grants $781,926

Program Service Revenue $0

Investment Income $281,588

Other Revenue $14,429

TOTAL REVENUE $1,077,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,053,416

Fundraising Expenses $0

Other Expenses $563,791

TOTAL EXPENSES $1,617,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,077,943	$1,605,212	-0.3%
Expenses	$1,617,207	$1,578,130	+0.0%
Net Income	$-539,264	$27,082	-20.9%

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

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

$684,107

Total Directors

$60,688

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ACETI	TRUSTEE	0.50	Director	$11,728	$900	$12,628
ROGER PEREZ	TRUSTEE/BUSINESS AGENT	0.50	Director	$22,572	$0	$22,572
DAVID MALDONADO	TRUSTEE	0.50	Director	$25,488	$0	$25,488
VIRGIL MALDONADO	PRESIDENT	39.00	Officer	$381,616	$10,800	$392,416
MARK SANTORO	SECRETARY/TREASURER	39.00	Officer	$139,854	$1,320	$141,174
PAUL PAUDANO	WAREHOUSE VICE PRESIDENT	0.50	Officer	$20,641	$1,320	$21,961
VITO RECCHIA	DEEP SEA VICE PRESIDENT	0.50	Officer	$11,052	$1,320	$12,372
DONNELL LINTON	BUSINESS AGENT	1.50	Officer	$8,608	$2,148	$10,756
NEIL PACILIO	RECORDING SECRETARY	39.00	Officer	$104,108	$1,320	$105,428
BRENDA EAGLE	OFFICE MANAGER	39.00	Highest	$162,790	$1,573	$164,363

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	No data	No data	No data	No data
2023	$1,077,943	$1,617,207	$2,149,726	$-539,264
2022	$1,605,212	$1,578,130	$2,634,236	$27,082
2021	$1,391,003	$1,218,602	$3,714,728	$172,401
2020	$866,063	$951,968	$3,547,165	$-85,905
2019	$896,313	$1,214,931	$3,304,691	$-318,618
2018	$1,154,014	$1,203,776	$3,302,743	$-49,762

INTERNATIONAL LONGSHOREMENS 1588 ILA