ILWU LOCAL 142 GENERAL HEALTH & WELFARE PLAN (EIN 262318475) - 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

2008

Legal Domicile

Principal Officer

CORINNA NGUYEN KEITH GOT

Phone

8084418600

Tax Period

2023-01-01 to 2023-12-31

ILWU LOCAL 142 GENERAL HEALTH & WELFARE PLAN, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $7.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.4M, a strong 18% operating margin.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH THE TERMS SET FORTH IN THE TRUST AGREEMENT, RULES, AND REGULATIONS OF THE PLAN AND COLLECTIVE BARGAINING AGREEMENTS.

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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 $0

Program Service Revenue $7,544,949

Investment Income $203,215

Other Revenue $13,068

TOTAL REVENUE $7,761,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,079,997

Other Expenses $265,216

TOTAL EXPENSES $6,345,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,761,232	$8,222,696	-0.1%
Expenses	$6,345,213	$7,256,280	-0.1%
Net Income	$1,416,019	$966,416	+0.5%

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

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
JEAN HAGI	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
KEITH GOTO	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
SON-JAI PAIK	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
CORINNA NGUYEN	UNION TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL YAMAGUCHI	UNION TRUSTEE	0.50	Director	$0	$0	$0
DILLON HULLINGER	UNION TRUSTEE	0.50	Director	$0	$0	$0
ROBERTO ANDRION JR	UNION TRUSTEE (ALTERNATE)	0.50	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	No data	No data	No data	No data
2023	$7,761,232	$6,345,213	$14,022,948	$1,416,019
2022	$8,222,696	$7,451,806	$9,769,697	$770,890
2021	$9,570,334	$9,546,747	$8,656,204	$23,587
2020	$10,625,629	$10,136,425	$8,688,528	$489,204
2019	$11,515,884	$10,326,786	$8,201,781	$1,189,098
2018	$11,852,009	$10,543,841	$7,014,620	$1,308,168

ILWU LOCAL 142 GENERAL HEALTH & WELFARE PLAN