INTERNATIONAL LONGSHOREMENS ASSOCIA LOCAL 1922 HEALTH AND WELFARE FUND (EIN 237038555) - 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

1969

Legal Domicile

Principal Officer

ANTHONY ARRUFAT

Phone

3053714973

Tax Period

2024-05-01 to 2024-10-01

INTERNATIONAL LONGSHOREMENS ASSOCIA LOCAL 1922 HEALTH AND WELFARE FUND, founded in 1969, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $447K, a strong 33% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO COLLECT CONTRIBUTIONS FROM PARTICIPATING EMPLOYERS ACCORDING TO COLLECTIVE BARGAINING AGREEMENTS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS OF THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION LOCAL 1922-1.

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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 $1,268,436

Investment Income $97,423

Other Revenue $0

TOTAL REVENUE $1,365,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,888

Fundraising Expenses $0

Other Expenses $226,332

TOTAL EXPENSES $918,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,365,859	$2,867,683	-0.5%
Expenses	$918,909	$2,189,352	-0.6%
Net Income	$446,950	$678,331	-0.3%

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

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
FERNANDO ALVAREZ	TRUSTEE	3.60	Director	$0	$0	$0
FRANCISCO J ROVIROSA	TRUSTEE	3.60	Director	$0	$0	$0
GEORGE PREVILL	TRUSTEE	3.60	Director	$0	$0	$0
JUAN LOSADA	TRUSTEE	3.60	Director	$0	$0	$0
ANTHONY ARRUFAT	TRUSTEE	3.60	Director	$0	$0	$0
OBEL CRUZ	TRUSTEE	3.60	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	$1,365,859	$918,909	No data	$446,950
2024	$2,867,683	$2,189,352	$8,074,577	$678,331
2023	$2,805,292	$2,100,387	$6,825,761	$704,905
2022	$2,724,471	$1,974,005	$6,276,609	$750,466
2021	$2,143,520	$1,805,209	$5,839,733	$338,311
2020	$2,374,325	$1,862,108	$5,039,860	$512,217
2019	$2,920,759	$1,992,150	$4,412,204	$928,609
2018	$2,261,133	$1,944,031	$3,722,418	$317,102

INTERNATIONAL LONGSHOREMENS ASSOCIA LOCAL 1922 HEALTH AND WELFARE FUND