INTERNATIONAL LONGSHOREMENS ASSOCIATION LOCAL 1426

EIN: 560519634

Wilmington, NC

Total Revenue
$1,289,663
Total Expenses
$1,238,897
Total Assets
$1,876,088
Net Assets
$1,873,217
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
NC
Principal Officer
Gregory Washington
Phone
9107628231
Tax Period
2024-04-01 to 2025-03-31

INTERNATIONAL LONGSHOREMENS ASSOCIATION LOCAL 1426, founded in 1936, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 4% surplus.

Mission

To unite all workers employed in the Trade under its jurisdiction; to improve their wages and hours of work; to better living conditions of its members through (a) job security (b) collective bargaining (c) promoting laws to benefit members and labor in general (d) promoting and maintaining welfare programs and (e) instilling the spirit of good citizenship and loyalty to country among members, their families, and others within the labor movement.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,268,675
Investment Income $20,183
Other Revenue $805
TOTAL REVENUE $1,289,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $559,780
Fundraising Expenses $0
Program Expenses $0
Other Expenses $618,317
TOTAL EXPENSES $1,238,897

Year-over-Year Comparison

2024 2023 Change
Revenue $1,289,663 $1,069,417 +0.2%
Expenses $1,238,897 $1,138,001 +0.1%
Net Income $50,766 $-68,584 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
N/A
Employees
28
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
13
$364,066
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregory Washington President 40
Officer
$107,760 $0 $175,020
Terry Vaught Recording Secretary 52
Officer
$99,784 $0 $99,784
Reginald Atwood Secretary/Treasurer 20
Officer
$51,968 $0 $51,968
Kenneth Evans Vice-President 15
Officer
$27,488 $0 $27,488
Anthony Graham Executive Board 1
Officer
$6,080 $0 $6,080
Michal McMillian Sargeant at Arms 1
Officer
$1,520 $0 $1,520
Franklin Graham Chaplan 0.2
Officer
$1,348 $0 $1,348
Samuel Spicer Jr Executive Board / Audit Committe 1
Officer
$858 $0 $858
Matthew Lloyd Executive Board 1
Officer
$0 $0 $0
Thomas Grant Executive Board 1
Officer
$0 $0 $0
Sammie Caison Executive Board 1
Officer
$0 $0 $0
Ronnie Robinson Audit Committee 1
Officer
$0 $0 $0
Anthony Brown Audit Committee 1
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
2025 $1,289,663 $1,238,897 $1,876,088 $50,766
2024 $1,069,417 $1,138,001 $1,826,876 $-68,584
2023 $1,193,745 $1,031,531 $1,893,862 $162,214
2022 $1,079,801 $842,363 $1,731,313 $237,438
2021 $878,725 $790,695 $1,497,169 $88,030
2020 $1,076,586 $810,325 $1,404,939 $266,261
2019 $876,207 $837,534 $1,139,376 $38,673
2018 $828,168 $903,988 $1,100,526 $-75,820
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