INTERNATIONAL LONGSHOREMEN'S ASSOCIATION WELFARE FUND (EIN 590834277) - 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

1988

Legal Domicile

Phone

9043547258

Tax Period

2023-10-01 to 2024-09-30

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION WELFARE FUND, founded in 1988, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $6,624,806

Investment Income $48,986

Other Revenue $1,538

TOTAL REVENUE $6,675,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,075,584

Fundraising Expenses $0

Other Expenses $-169,601

TOTAL EXPENSES $6,682,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,675,330	$7,004,770	0.0%
Expenses	$6,682,497	$6,684,773	0.0%
Net Income	$-7,167	$319,997	-1.0%

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

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

$216,800

Total Directors

$10,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ORTEGA	ALT LABOR TRUSTEE	1.00	Director	$4,760	$0	$4,760
JAMES R GRAY JR	MGMT TRUSTEE, CO-CHAIR	1.00	Director	$0	$0	$0
FRANK MCBRIDE	MGMT TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL WILSON	MGMT TRUSTEE	1.00	Director	$0	$0	$0
WARREN SMITH	LABOR TRUSTEE, CO-CHAIR	1.00	Director	$0	$0	$0
FRED WAKEFIELD	LABOR TRUSTEE	1.00	Director	$0	$0	$0
CARL KING SR	LABOR TRUSTEE	1.00	Director	$2,240	$0	$2,240
DANIEL TEAGUE	ALT LABOR TRUSTEE	1.00	Director	$3,640	$0	$3,640
ERWIN L LAX	ADMINISTRATOR	20.00	Officer	$191,000	$25,800	$216,800
ANTHONY ROUNDTREE	PAYROLL COORDINATOR	20.00	Highest	$143,628	$25,800	$169,428
LORRAINE WILLIAMS	ASST. ADMINISTRATOR	20.00	Highest	$116,467	$25,800	$142,267

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	$6,675,330	$6,682,497	$3,131,151	$-7,167
2023	$7,004,770	$6,684,773	$3,221,613	$319,997
2022	$6,885,147	$6,529,567	$2,748,299	$355,580
2021	$6,795,682	$6,463,666	$2,368,256	$332,016
2020	$5,958,363	$5,781,385	$2,101,729	$176,978
2019	$6,206,856	$6,427,031	$1,564,003	$-220,175
2018	$6,309,775	$6,499,970	$2,600,500	$-190,195

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION WELFARE FUND