PORT AUTHORITY LBA INC (EIN 223250193) - 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

1996

Legal Domicile

Principal Officer

JAMES GRIGLIO PRES

Phone

7322419819

Tax Period

2024-01-01 to 2024-12-31

PORT AUTHORITY LBA INC, founded in 1996, is a small nonprofit that reported $453K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Net assets of $1.9M represent 50 months of operating reserves.

Mission

THE ORGANIZATION WAS ESTABLISHED TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES.

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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 $33,446

Program Service Revenue $357,490

Investment Income $75,088

Other Revenue $-13,307

TOTAL REVENUE $452,717

Expense Breakdown

Grants Paid $29,831

Salaries & Benefits $74,900

Fundraising Expenses $0

Other Expenses $181,644

TOTAL EXPENSES $490,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,717	$292,431	+0.5%
Expenses	$490,303	$396,808	+0.2%
Net Income	$-37,586	$-104,377	-0.6%

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

N/A

Volunteers

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

$56,250

Total Directors

$75,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GRIGLIO	PRESIDENT	40.00	Officer Director	$12,050	$0	$12,050
DANIEL RHEIN	1ST VICE-PRESIDENT, THRU OCT. 2024	10.00	Officer Director	$6,300	$0	$6,300
DAN MCCABE	1ST VICE-PRESIDENT	10.00	Officer Director	$8,300	$0	$8,300
RYAN UST	COR. SECRETARY	10.00	Officer Director	$7,100	$0	$7,100
OSCAR RUIZ	REC. SECRETARY	5.00	Officer Director	$7,100	$0	$7,100
MATTHEW REHEIS	TREASURER	10.00	Officer Director	$7,700	$0	$7,700
JOHN MADIGAN JR	SGT. AT ARMS	5.00	Officer Director	$7,700	$0	$7,700
JOHN SCHELHORN	TRUSTEE	1.00	Director	$6,500	$0	$6,500
MICHAEL R CONNOLLY	TRUSTEE	1.00	Director	$6,500	$0	$6,500
GREGORY M GILLEECE	TRUSTEE	1.00	Director	$6,500	$0	$6,500

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
2024	$452,717	$490,303	$1,890,405	$-37,586
2023	$292,431	$396,808	$1,844,083	$-104,377
2022	$380,755	$452,724	$1,720,208	$-71,969
2022	$381,088	$454,335	$1,708,785	$-73,247
2021	$358,633	$349,688	$1,940,400	$8,945
2020	$334,840	$208,168	$1,837,186	$126,672
2019	$397,650	$220,110	$1,737,992	$177,540
2018	$253,534	$230,255	$1,524,489	$23,279
2017	$258,972	$188,278	$1,545,114	$70,694

PORT AUTHORITY LBA INC