CARRIER-ILA CONTAINER ROYALTY FUND NO 5 (EIN 276318504) - 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

2009

Legal Domicile

Principal Officer

ANTHONY J DALONGES

Phone

7324043101

Tax Period

2024-10-01 to 2025-09-30

CARRIER-ILA CONTAINER ROYALTY FUND NO 5, founded in 2009, is a major nonprofit in the Mutual Benefit sector that reported $158.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.0M, a strong 15% operating margin.

Mission

THE FUND PROVIDES FINANCIAL ASSISTANCE TO JOINT MANAGEMENT ILA EMPLOYEE BENEFIT PLANS (OTHER THAN PENSION) IN LOCAL PORTS OR DISTRICTS.

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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 $148,655,532

Investment Income $10,016,566

Other Revenue $75,735

TOTAL REVENUE $158,747,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $134,781,886

TOTAL EXPENSES $134,781,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,747,833	$125,373,950	+0.3%
Expenses	$134,781,886	$89,854,640	+0.5%
Net Income	$23,965,947	$35,519,310	-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

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
DAVID F ADAM - PAST	CO-CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN KNOTT	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ALAN ROBB	TRUSTEE	1.00	Director	$0	$0	$0
ANISSA FRUCCI	TRUSTEE	1.00	Director	$0	$0	$0
BENNY HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS DAGGETT	TRUSTEE	1.00	Director	$0	$0	$0
JAMES R GRAY	TRUSTEE	1.00	Director	$0	$0	$0
JASON WINTER	TRUSTEE	1.00	Director	$0	$0	$0
KURT MITTENZWEI	TRUSTEE	1.00	Director	$0	$0	$0
WILBERT ROWELL	TRUSTEE	1.00	Director	$0	$0	$0
PAUL DE MARIA	CO-CHAIR	1.00	Officer 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
2025	$158,747,833	$134,781,886	$378,421,458	$23,965,947
2024	$125,373,950	$89,854,640	$300,341,018	$35,519,310
2023	$114,348,609	$87,270,222	$251,210,645	$27,078,387
2022	$91,721,636	$59,779,095	$215,921,489	$31,942,541
2021	$118,236,691	$89,864,380	$149,668,450	$28,372,311
2020	$107,463,080	$82,321,189	$122,776,666	$25,141,891

CARRIER-ILA CONTAINER ROYALTY FUND NO 5