International Longshoremens Association Local 1969 (EIN 351343644) - 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

1970

Legal Domicile

Principal Officer

Todd C Aldrich

Phone

2197879189

Tax Period

2023-01-01 to 2023-12-31

International Longshoremens Association Local 1969, founded in 1970, is a small nonprofit that reported $276K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Net assets of $585K represent 25 months of operating reserves.

Mission

The organization's primary purpose is to bargain collectively on behalf of its members and to enforce the terms of those 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 $183,384

Investment Income $133

Other Revenue $92,486

TOTAL REVENUE $276,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,565

Fundraising Expenses $0

Other Expenses $130,267

TOTAL EXPENSES $268,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,003	$475,750	-0.4%
Expenses	$268,032	$451,897	-0.4%
Net Income	$7,971	$23,853	-0.7%

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

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

$55,247

Total Directors

$514

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Perez III	Business Agent	10.00	Officer	$16,060	$11,895	$27,955
Todd C Aldrich	President	10.00	Officer	$15,412	$9,714	$25,126
Darrin Frazier	Financial Sec'y	2.00	Officer	$946	$784	$1,730
Nicholas Barnes	Trustee	2.00	Director	$293	$221	$514
Adam Serrano	Recording Sec'y	2.00	Officer	$240	$196	$436
Joseph McJunkin	Trustee	2.00	Director	$0	$0	$0
Joseph Gazarkiewicz	Trustee	2.00	Director	$0	$0	$0
Kenneth Stone	Trustee	2.00	Director	$0	$0	$0
Matthew Dresbaugh	Auditor	2.00	Officer	$0	$0	$0
Tony Martin	Vice President	2.00	Officer	$0	$0	$0
MarJuan Gardner	Auditor	2.00	Officer	$0	$0	$0
Benjamin Kitchens	Auditor	2.00	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
2024	No data	No data	No data	No data
2023	$276,003	$268,032	$640,531	$7,971
2022	$475,750	$451,897	$674,630	$23,853
2021	$315,634	$223,430	$582,258	$92,204
2020	$262,966	$177,071	$485,022	$85,895
2019	$208,567	$215,004	$430,559	$-6,437
2018	$244,367	$205,174	$421,539	$39,193

International Longshoremens Association Local 1969