MIDGULF ASSOCIATION OF STEVEDORES INC

EIN: 721434572 Community Improvement

NEW ORLEANS, LA

Total Revenue
$684,330
Total Expenses
$731,585
Total Assets
$4,217,384
Net Assets
$4,217,370
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
LA
Principal Officer
NICK JUMONVILLE
Phone
5046718640
Tax Period
2022-01-01 to 2022-12-31

MIDGULF ASSOCIATION OF STEVEDORES INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $684K in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Net assets of $4.2M represent 74 months of operating reserves.

Mission

THE ASSOCIATION WAS ESTABLISHED TO ADVANCE THE BUSINESS CONDITIONS OF THE STEVEDORE INDUSTRY IN AND AROUND THE GULF COAST REGION. THE ASSOCIATION ALSO ASSISTS MEMBER CORPORATIONS IN NEGOTIATIONS WITH UNIONS REPRESENTING LONGSHOREMEN OR OTHER EMPLOYMENT ASHORE THROUGH THE LABOR RELATIONS PROGRAM. THE ORGANIZATION ALSO RUNS THE WATERFRONT EMPLOYMENT CENTER WHICH PROVIDES A CENTRAL LOCATION FOR HIRING, PAYMENT, AND OTHER SERVICES FOR LONGSHOREMEN.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $617,735
Investment Income $37,026
Other Revenue $29,569
TOTAL REVENUE $684,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $510,955
Fundraising Expenses $0
Other Expenses $220,630
TOTAL EXPENSES $731,585

Year-over-Year Comparison

2022 2021 Change
Revenue $684,330 $1,974,411 -0.7%
Expenses $731,585 $873,010 -0.2%
Net Income $-47,255 $1,101,401 -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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
6
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
3
$376,951
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH PALMISANO DIRECTOR 1.00
Director
$0 $0 $0
BERT MAYLIN DIRECTOR 1.00
Director
$0 $0 $0
SHERIF ASSAL DIRECTOR 1.00
Director
$0 $0 $0
LEAVON ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
NICK JUMONVILLE PRESIDENT 40.00
Officer
$145,954 $17,034 $162,988
RANDY O'NEIL VICE PRESIDENT 40.00
Officer
$62,739 $4,392 $67,131
CATHY COUVILLION SECRETARY-TREASURER 40.00
Officer
$136,623 $10,209 $146,832
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
2022 $684,330 $731,585 $4,217,384 $-47,255
2021 $1,974,411 $873,010 $4,485,918 $1,101,401
2020 $789,129 $829,071 $3,295,759 $-39,942
2019 $853,534 $768,064 $3,217,221 $85,470
2018 $893,044 $813,690 $3,058,882 $79,354
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