CLEVELAND LONGSHOREMEN'S WELFARE FUND C/O BENESYS (EIN 340931020) - 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

1956

Legal Domicile

Principal Officer

JOHN D BAKER JR

Phone

3302700453

Tax Period

2024-04-01 to 2025-03-31

CLEVELAND LONGSHOREMEN'S WELFARE FUND C/O BENESYS, founded in 1956, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 9% surplus.

Mission

TO PROVIDE BENEFITS TO ELIGIBLE PARTICIPANTS AND DEPENDENTS (CONTINUED ON SCHEDULE O)UNDER THE CLEVELAND LONGSHOREMEN'S HEALTH AND WELFARE FUND.

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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 $1,517,300

Investment Income $51,464

Other Revenue $0

TOTAL REVENUE $1,568,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,517

Fundraising Expenses $0

Other Expenses $46,042

TOTAL EXPENSES $1,428,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,568,764	$1,467,801	+0.1%
Expenses	$1,428,002	$1,407,336	+0.0%
Net Income	$140,762	$60,465	+1.3%

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

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
MORGAN C BAILEY	TRUSTEE	2.00	Director	$0	$0	$0
JOHN D BAKER JR	TRUSTEE	2.00	Director	$0	$0	$0
MICHEL BRISEBOIS	TRUSTEE, 4/1/24-12/31/24	2.00	Director	$0	$0	$0
CHRISTOPHER DUGAS	TRUSTEE, 1/1/25-3/31/25	2.00	Director	$0	$0	$0
ED THORNE	TRUSTEE	2.00	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	$1,568,764	$1,428,002	$1,663,068	$140,762
2024	$1,467,801	$1,407,336	$1,510,342	$60,465
2023	$1,957,723	$1,290,908	$1,437,960	$666,815
2022	$1,499,576	$1,265,408	$771,593	$234,168
2021	$885,180	$1,110,239	$541,448	$-225,059
2020	$1,094,019	$1,368,345	$765,665	$-274,326
2019	$1,128,833	$1,407,715	$1,037,072	$-278,882
2018	$1,210,999	$1,410,589	$1,299,361	$-199,590

CLEVELAND LONGSHOREMEN'S WELFARE FUND C/O BENESYS