INTERNATIONAL LONSHOREMEN ASSO LOCAL NO 1429

EIN: 520316688

BALTIMORE, MD

Total Revenue
$315,229
Total Expenses
$276,967
Total Assets
$708,833
Net Assets
$704,166
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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
MD
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

REPRESENT MEMBERS WHO ARE EMPLOYED BY COMPANIES RELATED TO PORT ACTIVITIES

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
4
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
4
$171,307
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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