INTERNATIONAL LONSHOREMEN ASSO LOC… - Form 990 Financial Data

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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

1944

Legal Domicile

Principal Officer

NORMAN MCCORD

Phone

4436232142

Tax Period

2025-01-01 to 2025-12-31

INTERNATIONAL LONSHOREMEN ASSO LOCAL NO 1429, founded in 1944, is a small nonprofit that reported $315K in total revenue in fiscal year 2025. Expenses of $277K left a modest 12% surplus.

Mission

THE LOCAL WAS ESTABLISHED TO REPRESENT ITS MEMBERSHIP WHO ARE EMPLOYED BY COMPANIES AS LONGSHOREMEN WORKING AT PORT FACILITIES

Program Service Accomplishments

Program 1

Expenses: $275,649

SERVICES FOR MEMBERS UNION BARGAINING FOR WAGES AND BENEFITS

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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 (2025)

Revenue Breakdown

Contributions & Grants $303,837

Program Service Revenue $0

Investment Income $11,392

Other Revenue $0

TOTAL REVENUE $315,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,412

Fundraising Expenses $0

Program Expenses $275,649

Other Expenses $92,555

TOTAL EXPENSES $276,967

Year-over-Year Comparison

	2025	2024	Change
Revenue	$315,229	$298,310	+0.1%
Expenses	$276,967	$243,957	+0.1%
Net Income	$38,262	$54,353	-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

$171,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY NILSEN	PRESIDENT	30	Officer	$67,744	$0	$67,744
JOHN LEICHLING	VICE PRESIDENT	20	Officer	$48,152	$0	$48,152
NORMAN MCCORD	TREASURER	10	Officer	$36,102	$0	$36,102
GREGORY COLEY	SECRETARY	8	Officer	$19,309	$0	$19,309

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	$315,229	$276,967	$708,833	$38,262
2024	$298,310	$243,957	$669,620	$54,353
2023	$287,891	$286,299	$625,954	$1,592
2022	$489,681	$213,057	$623,124	$276,624
2021	$303,030	$201,351	$349,814	$101,679
2020	$244,816	$201,766	$249,204	$43,050

INTERNATIONAL LONSHOREMEN ASSO LOCAL NO 1429