HAMPTON ROADS SHIPPING ASSN & INTNL LONGSHOREMANS ASSN VCTN & HLDY FND (EIN 541220256) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

STEVE GREENE

Phone

7574577090

Tax Period

2023-10-01 to 2024-09-30

HAMPTON ROADS SHIPPING ASSN & INTNL LONGSHOREMANS ASSN VCTN & HLDY FND, founded in 1984, is a micro nonprofit that reported $1K in total revenue in fiscal year 2017. Revenue decreased 18% compared to the prior year. Expenses of $20.5M exceeded revenue, resulting in a 1729178% operating deficit.

Mission

TO PROVIDE VACATION AND HOLIDAY BENEFITS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $487

TOTAL REVENUE $487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,703

Fundraising Expenses $0

Other Expenses $195,413

TOTAL EXPENSES $25,086,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$487	$295	+0.7%
Expenses	$25,086,454	$24,977,551	+0.0%
Net Income	$-25,085,967	$-24,977,256	+0.0%

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

2314

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

$203,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER GIESINGER	TRUSTEE	0.50	Director	$0	$0	$0
JEREMY BRIDGES	TRUSTEE	0.50	Director	$0	$0	$0
PETER COOKE	TRUSTEE	0.50	Director	$0	$0	$0
JIM FORD	TRUSTEE	0.50	Director	$0	$0	$0
JAMES MICHALSKI	TRUSTEE	0.50	Director	$0	$0	$0
ERIN MALEY	TRUSTEE	0.50	Director	$0	$0	$0
KYLE BASSHAM	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS LITTLE	TRUSTEE	0.50	Director	$0	$0	$0
LARRY BACHTELL	TRUSTEE	0.50	Director	$0	$0	$0
MONTA BIVINS	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN COLEY	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL HEATH	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER FAULK	TRUSTEE	0.50	Director	$0	$0	$0
KEVIN HALSTEAD	TRUSTEE	0.50	Director	$0	$0	$0
STEVE GREENE	ADMINISTRATOR	3.00	Officer	$19,011	$30,360	$203,974

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	$487	$25,086,454	$237,488	$-25,085,967
2023	$295	$24,977,551	$251,646	$-24,977,256
2022	$285	$23,023,785	$108,021	$-23,023,500
2021	$1,561	$22,113,619	$193,058	$-22,112,058
2020	$1,368	$22,980,874	$221,310	$-22,979,506
2019	$10,332	$21,957,129	$169,441	$-21,946,797
2018	$1,184	$20,474,651	$142,528	$-20,473,467

HAMPTON ROADS SHIPPING ASSN & INTNL LONGSHOREMANS ASSN VCTN & HLDY FND