EMPLOYERS - ILA NC PORTS CONTAINERIZATION VACATION PLAN (EIN 566153337) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

GREGORY WASHINGTON

Phone

9107638577

Tax Period

2023-10-01 to 2024-09-30

EMPLOYERS - ILA NC PORTS CONTAINERIZATION VACATION PLAN, founded in 1972, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Expenses of $4.1M left a modest 4% surplus.

Mission

TO COLLECT CONTAINER ROYALTY TONNAGE ASSESSMENTS AS DETERMINED BY THE MASTER CONTRACT, TO PAY WELFARE CONTAINER ROYALTY BENEFITS TO ELIGIBLE PARTICIPANTS AND BENEFICIARIES AND TO PAY FOR THE PAYROLL TAXES RELATED TO THOSE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,101,769

Investment Income $141,263

Other Revenue $0

TOTAL REVENUE $4,243,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,984

Fundraising Expenses $0

Other Expenses $178,694

TOTAL EXPENSES $4,075,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,243,032	$4,183,815	+0.0%
Expenses	$4,075,494	$4,062,363	+0.0%
Net Income	$167,538	$121,452	+0.4%

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

Total Directors

$110,661

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL LOKEY	EMPLOYER TRUSTEE	0.20	Director	$0	$0	$0
MICHAEL CLEMMONS	UNION TRUSTEE	0.20	Director	$12,165	$0	$12,193
CHARLES E SEATON	UNION TRUSTEE	0.10	Director	$12,165	$0	$12,248
JOHN W ELLIS	UNION TRUSTEE	0.10	Director	$12,165	$0	$12,165
RYAN MAYER	EMPLOYER TRUSTEE CHAIRMAN	0.20	Director	$0	$0	$0
KEM FRINK	UNION TRUSTEE	0.10	Director	$12,165	$0	$12,193
GREGORY WASHINGTON	UNION TRUSTEE CHAIRMAN	0.20	Director	$0	$0	$83
PERTY GRISSETT	ALTERNATE-UNION TRUSTEE	0.10	Director	$12,165	$0	$12,248
LUKE DOREMUS	ALT. EMPLOYER TRUST.	0.20	Director	$0	$0	$0
ADAM BALDERSON	EMPLOYER TRUSTEE	0.20	Director	$0	$0	$0
TERRY SYDNOR	EMPLOYER TRUSTEE	0.20	Director	$0	$0	$0
GLEN HART	ALTERNATE-UNION TRUSTEE	0.10	Director	$12,165	$0	$25,184
KENNETH EVANS	ALTERNATE-UNION TRUSTEE	0.10	Director	$12,165	$0	$12,165
GREGORY MELTON	ALTERNATE-UNION TRUSTEE	0.10	Director	$12,165	$0	$12,182
TONY THOMPSON	ALT. EMPLOYER TRUST.	0.10	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	$4,243,032	$4,075,494	$4,421,737	$167,538
2023	$4,183,815	$4,062,363	$4,261,353	$121,452
2022	$5,394,484	$5,337,870	$5,381,753	$56,614
2021	$4,333,536	$4,306,758	$4,701,093	$26,778
2020	$4,183,687	$4,273,919	$4,270,710	$-90,232
2019	$4,211,937	$4,160,490	$4,291,104	$51,447
2018	$4,399,072	$4,359,056	$5,011,763	$40,016

EMPLOYERS - ILA NC PORTS CONTAINERIZATION VACATION PLAN