INTERNATIONAL LONGSHOREMEN'S ILA LOCAL 1248

EIN: 540259110

NORFOLK, VA

Total Revenue
$3,319,512
Total Expenses
$2,161,414
Total Assets
$12,412,900
Net Assets
$12,396,587
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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
VA
Principal Officer
CHRISTOPHER FAULK
Phone
7578576711
Tax Period
2023-10-01 to 2024-09-30

INTERNATIONAL LONGSHOREMEN'S ILA LOCAL 1248, founded in 1929, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $449K, a strong 18% operating margin.

Mission

BARGAINING AGENT FOR MEMBERS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,224,448
Investment Income $207,001
Other Revenue $-111,937
TOTAL REVENUE $3,319,512

Expense Breakdown

Grants Paid $50,200
Salaries & Benefits $1,192,953
Fundraising Expenses $0
Other Expenses $918,261
TOTAL EXPENSES $2,161,414

Year-over-Year Comparison

2023 2022 Change
Revenue $3,319,512 $3,064,150 +0.1%
Expenses $2,161,414 $2,405,817 -0.1%
Net Income $1,158,098 $658,333 +0.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
67
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
10
$787,509
Total Directors
16
$84,434
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER FAULK FIN. SEC./PR 50.00
Officer
$173,722 $37,083 $210,805
KENNETH GRAY PRESIDENT 50.00
Officer
$182,199 $28,344 $210,543
SAMUEL DAVIS JR BUS AGENT 50.00
Officer
$181,639 $28,344 $209,983
RONALD MILBOURNE 1ST V/P 5.00
Officer
$81,849 $20,571 $102,420
DONALD BISHOP DELEGATE DIS 3.00
Director
$16,453 $1,478 $17,931
KHARI BOYD RECORDING SE 3.00
Officer
$15,194 $0 $15,194
TOYE MURPHY JR DELEGATE 3.00
Director
$9,471 $3,501 $12,972
DARRYL TURNER TRUSTEE N/A
Director
$12,898 $0 $12,898
ERCELL SHARP CHAPLAIN N/A
Officer
$11,432 $0 $11,432
EDWARD BROWN III BUS. AGENT 50.00
Officer
$0 $10,939 $10,939
LINWOOD ARCHIBALD TRUSTEE N/A
Director
$9,499 $0 $9,499
JAMES BARNES JR SECRETARY-TR 50.00
Officer
$0 $9,415 $9,415
TIMOTHY JOHNSON II TRUSTEE N/A
Director
$7,752 $0 $7,752
RODRICK RIDDICK INNER GUARD N/A
Officer
$6,002 $0 $6,002
STEPHEN LAMB TRUSTEE N/A
Director
$5,044 $0 $5,044
MIKE VEAL WAGE DELEGAT N/A
Director
$4,408 $0 $4,408
JAVON HOLLOWAY TRUSTEE N/A
Director
$4,332 $0 $4,332
WANDA HARRISON-TURNER TRUSTEE N/A
Director
$3,192 $0 $3,192
NATASHA WIGGINS EX. BOARD N/A
Director
$3,116 $0 $3,116
ERIC HYMAN EX. BOARD N/A
Director
$2,052 $0 $2,052
BRANDON CARRINGTON EXEC. BOARD N/A
Director
$1,238 $0 $1,238
HERMAN CARRINGTON III SERGEANT-AT- N/A
Officer
$776 $0 $776
CARL ELLIOTT EXEC. BOARD N/A
Director
$0 $0 $0
RASHAD GARDNER EXEC. BOARD N/A
Director
$0 $0 $0
RALPH COLE JR EXEC. BOARD N/A
Director
$0 $0 $0
DEVON WALL INNER GUARD N/A
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
2024 $3,319,512 $2,161,414 $12,412,900 $1,158,098
2023 $3,064,150 $2,405,817 $11,260,487 $658,333
2022 $3,266,621 $1,930,978 $10,700,965 $1,335,643
2021 $2,499,859 $1,819,855 $9,340,033 $680,004
2020 $2,447,139 $2,411,360 $8,585,687 $35,779
2019 $2,464,189 $2,015,489 $8,545,119 $448,700
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