INTERNATIONAL LONGSHOREMEN'S ASSOC… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

ELISE DIXON

Phone

3053773777

Tax Period

2023-10-01 to 2024-09-30

INTERNATIONAL LONGSHOREMEN'S ASSOCI (AFL-CIO) EMPLOYERS' WELFARE FUND, founded in 1954, is a mid-sized nonprofit that reported $35.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $31.8M left a modest 11% surplus.

Mission

THE ORGANIZATION IS A PARTIALLY INSURED PLAN PROVIDING HEALTH AND OTHER BENEFITS TO ALL ELIGIBLE PARTICIPANTS OF THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION (AFL-CIO) EMPLOYERS' FRINGE BENEFIT FUNDS, SOUTHEAST FLORIDA PORTS, AND COVERED DEPENDENTS, UNDER THE TERMS OF COLLECTIVE BARGAINING AGREEMENTS.

Program Service Accomplishments

Program 1

DURING THE PLAN YEAR ENDED SEPTEMBER 30, 2024, THE PLAN PROVIDED MEDICAL, DENTAL, PRESCRIPTION DRUGS AND VISION BENEFITS TO 1,847 PARTICIPANTS AND THEIR DEPENDENTS; LIFE INSURANCE BENEFITS TO 1,875 PARTICIPANTS AND THEIR DEPENDENTS; REIMBURSEMENT OF MEDICARE PREMIUMS TO 480 PATICIPANTS AND THEIR DEPENDENTS; VACATION AND HOLIDAY BENEFITS TO 1,334 PARTICIPANTS AND LEGAL REIMBURSEMENT BENEFIT TO 1,844 PARTICPANTS AND THEIR DEPENDENTS. THERE WERE NO SUPPLEMENTAL INCOME BENEFITS PROVIDED TO PLAN PARTICIPANTS.

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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 $35,062,279

Investment Income $703,973

Other Revenue $52,110

TOTAL REVENUE $35,818,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,080,416

Fundraising Expenses $0

Other Expenses $1,386,416

TOTAL EXPENSES $31,775,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,818,362	$42,458,499	-0.2%
Expenses	$31,775,396	$30,021,999	+0.1%
Net Income	$4,042,966	$12,436,500	-0.7%

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

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

$199,364

Total Directors

$1,677,647

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISE DIXON	FUND ADMINIS	20.40	Officer	$110,403	$30,810	$199,364
EUGENE DIXON	TRUSTEE	0.51	Director	$5,200	$437	$198,880
DANA FERGUSON	TRUSTEE	0.51	Director	$5,200	$437	$178,398
JOHNNIE DIXON	TRUSTEE	0.51	Director	$4,200	$437	$247,757
ANTHONY GROSS	TRUSTEE	0.51	Director	$5,200	$437	$155,879
LUIS GONZALEZ	TRUSTEE	0.51	Director	$0	$388	$283,692
JUAN LOSADA	TRUSTEE	0.51	Director	$0	$388	$268,092
ANTHONY ARRUFAT	TRUSTEE	0.51	Director	$0	$388	$268,092
FRANCES DAMPIER	TRUSTEE	0.51	Director	$9,200	$437	$76,857
EDUARDO MONTOTO	TRUSTEE	0.51	Director	$0	$0	$0
JORGE ROVIROSA	TRUSTEE	0.51	Director	$0	$0	$0
FRANK V ROVIROSA	TRUSTEE	0.51	Director	$0	$0	$0
GEORGE PREVILLE JR	TRUSTEE	0.51	Director	$0	$0	$0
MICHELLE PORTER	TRUSTEE	0.51	Director	$0	$0	$0
HUGH HEALEY	TRUSTEE	0.51	Director	$0	$0	$0
TIM TOUZET	TRUSTEE	0.51	Director	$0	$0	$0
JUSTIN WEIR	TRUSTEE	0.51	Director	$0	$0	$0
TORIN RAGIN	FORMER TRUST	0.00		$4,400	$437	$113,202
RICHARD ROSS	FORMER TRUST	0.00		$4,200	$437	$60,711
TERRENCE SMITH	FORMER TRUST	0.00		$9,200	$437	$17,708
CHRISTOPHER ROLAND	FORMER TRUST	0.00		$9,200	$437	$17,708

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	$35,818,362	$31,775,396	$33,648,076	$4,042,966
2023	$42,458,499	$30,021,999	$29,055,171	$12,436,500
2022	$29,013,958	$25,514,097	$16,619,658	$3,499,861
2021	$22,975,135	$23,932,280	$13,258,809	$-957,145
2020	$14,014,348	$28,320,396	$14,355,736	$-14,306,048
2019	$19,966,755	$21,110,078	$19,192,686	$-1,143,323
2018	$20,146,736	$19,529,238	$20,062,862	$617,498

INTERNATIONAL LONGSHOREMEN'S ASSOCI (AFL-CIO) EMPLOYERS' WELFARE FUND