TMA-ILA WELFARE PLAN INTERNATIONAL LONGSHOREMEN'S ASSOC (EIN 591960263) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

FRED CASTONGUAY

Phone

5403457735

Tax Period

2023-10-01 to 2024-09-30

TMA-ILA WELFARE PLAN, founded in 1956, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2017. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 6% surplus.

Mission

TO FUND HEALTH AND LIFE INSURANCE BENEFITS FOR ELIGIBLE PARTICIPANTS WHO ARE MEMBERS OF THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION LOCALS 1402 AND 1691.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,315,727

Investment Income $34,407

Other Revenue $0

TOTAL REVENUE $2,350,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,385

Fundraising Expenses $0

Other Expenses $90,662

TOTAL EXPENSES $2,478,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,350,134	$2,055,614	+0.1%
Expenses	$2,478,438	$2,096,060	+0.2%
Net Income	$-128,304	$-40,446	+2.2%

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

N/A

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
FRED CASTONGUAY	CO-CHAIRMAN	N/A	Officer Director	$0	$0	$0
ANDRE DAVIS	CO-CHAIRMAN	N/A	Officer Director	$0	$0	$0
MATT YOUNG	TRUSTEE	N/A	Director	$0	$0	$0
TRAVIS RHODES	TRUSTEE	N/A	Director	$0	$0	$0
NICHOLAS DIFRESCO	TRUSTEE	N/A	Director	$0	$0	$0
LEROY GREEN	TRUSTEE	N/A	Director	$0	$0	$0
MANNY FERNANDEZ	ALT TRUSTEE	N/A	Director	$0	$0	$0
JOE HALL	ALT TRUSTEE	N/A	Director	$0	$0	$0
VICTORIA DURAND	ALT TRUSTEE	N/A	Director	$0	$0	$0
TRENNELL JOHNSON	ALT TRUSTEE	N/A	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	$2,350,134	$2,478,438	$2,440,289	$-128,304
2023	$2,055,614	$2,096,060	$2,135,195	$-40,446
2022	$1,844,698	$1,948,792	$1,803,533	$-104,094
2021	$1,214,554	$1,295,418	$2,207,923	$-80,864
2020	$1,287,717	$1,405,633	$2,000,158	$-117,916
2019	$1,421,160	$1,619,863	$1,931,045	$-198,703
2018	$1,525,706	$1,429,251	$2,044,781	$96,455

TMA-ILA WELFARE PLAN INTERNATIONAL LONGSHOREMEN'S ASSOC