INTERNATIONAL LONGSHOREMEN'S ASSOC… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

MICHAEL MCCANN

Phone

2154269898

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION LOCAL 1242, founded in 1960, is a small nonprofit that reported $652K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE BEST INTEREST OF ITS MEMBERS AND THEIR FAMILIES TO NEGOTIATE, TO BARGAIN COLLECTIVELY, TO IMPROVE WAGES, AND TO PROMOTE HEALTH AND WELFARE.

Program Service Accomplishments

Program 1

TO ELEVATE THE LONGSHOREMAN TRADE TO ITS PROPER POSITION IN THE INDUSTRY AND TO ENCOURAGE A HIGHER STANDARD OF SKILL AMONG ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $633,328

Investment Income $18,262

Other Revenue $0

TOTAL REVENUE $651,590

Expense Breakdown

Grants Paid $6,800

Salaries & Benefits $559,595

Fundraising Expenses $0

Other Expenses $77,617

TOTAL EXPENSES $644,012

Year-over-Year Comparison

	2025	2024	Change
Revenue	$651,590	$520,742	+0.3%
Expenses	$644,012	$211,266	+2.0%
Net Income	$7,578	$309,476	-1.0%

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

$523,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP RENZI	BUSINESS AGENT	45.00	Officer	$202,810	$73,787	$276,597
JAMES DUGAN	SECRETARY TREASURER	45.00	Officer	$170,353	$73,787	$244,140
DANIEL GALLAGHER	PRESIDENT	15.00	Officer	$2,268	$0	$2,268
ALEXANDER BRAUN	TRUSTEE	15.00	Officer	$0	$0	$0
PATRICK DUNPHY	TRUSTEE	15.00	Officer	$0	$0	$0
FRANCIS GALLAGHER	TRUSTEE	15.00	Officer	$0	$0	$0
BRION MURPHY	TRUSTEE	15.00	Officer	$0	$0	$0
JOSEPH RENZI	TRUSTEE (P)	15.00	Officer	$0	$0	$0
PATRICK RENZI	TRUSTEE (P)	15.00	Officer	$0	$0	$0
JOHN O'LEARY	VICE PRESIDENT (P)	15.00	Officer	$0	$0	$0
MICHAEL MCCANN	RECORDING SECRETARY	15.00	Officer	$0	$0	$0
MICHAEL DONOHUE	MARSHALL	15.00	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
2025	$651,590	$644,012	$1,185,842	$7,578
2024	$520,742	$211,266	$1,380,273	$309,476
2023	$564,160	$577,694	$1,072,950	$-13,534
2022	$599,680	$509,737	$1,086,484	$89,943
2021	$617,253	$450,818	$996,541	$166,435
2020	$570,612	$426,743	$826,856	$143,869
2019	$442,880	$460,267	$682,987	$-17,387
2018	$496,561	$430,637	$697,622	$65,924

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION LOCAL 1242