INTERNATIONAL LONGSHOREMENS ASSOC (EIN 570635903) - 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

1968

Legal Domicile

Principal Officer

LEONARD BAILEY

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL LONGSHOREMENS ASSOC, founded in 1968, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 7% surplus.

Mission

TO UNITE ALL WORKERS EMPLOYED IN THE TRADES AND INDUSTRIES UNDER THE LOCAL UNION JURISDICTION, TO IMPROVE THEIR WAGES AND HOURS OF WORK, THEIR WORKING AND LIVING CONDITIONS, TO PROMOTE THE BEST INTEREST OF ITS MEMBERS AND THEIR FAMILIES.

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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 $1,164,236

Program Service Revenue $26,300

Investment Income $24,823

Other Revenue $132,000

TOTAL REVENUE $1,347,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $532,518

Fundraising Expenses $0

Program Expenses $899,943

Other Expenses $718,641

TOTAL EXPENSES $1,251,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,347,359	$1,991,485	-0.3%
Expenses	$1,251,159	$943,088	+0.3%
Net Income	$96,200	$1,048,397	-0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY SCOTT	SECRETARY-TREASURER	40.00	Officer	$0	$0	$0
JEREMIAH PERRY	VICE PRESIDENT	10.00	Officer	$0	$0	$0
LEONARD BAILEY	PRESIDENT	56.00	Officer Highest	$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	No data	No data	No data	No data
2023	$1,347,359	$1,251,159	$4,379,867	$96,200
2022	$1,991,485	$943,088	$4,945,394	$1,048,397
2021	$1,221,474	$795,341	$3,489,437	$426,133
2020	$1,027,882	$720,737	$3,110,151	$307,145
2019	$1,012,639	$817,616	$2,424,200	$195,023
2018	$861,743	$866,100	$1,817,584	$-4,357

INTERNATIONAL LONGSHOREMENS ASSOC