AGREEMENT OF TRUST FOR THE MARITIME ASSOC - ILA WELFARE & VACATION (EIN 741330204) - 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

1957

Legal Domicile

Principal Officer

ELOY CORTEZ

Phone

2814844343

Tax Period

2023-10-01 to 2024-09-30

AGREEMENT OF TRUST FOR THE MARITIME ASSOC - ILA WELFARE & VACATION, founded in 1957, is a mid-sized nonprofit in the Employment sector that reported $53.6M in total revenue in fiscal year 2023.

Mission

PROVIDE WELFARE AND VACATION BENEFITS TO MEMBERS.

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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 $51,189,223

Investment Income $998,322

Other Revenue $1,414,343

TOTAL REVENUE $53,601,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $705,189

Fundraising Expenses $0

Program Expenses $53,365,588

Other Expenses $469,635

TOTAL EXPENSES $53,365,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,601,888	$54,720,519	0.0%
Expenses	$53,365,588	$54,134,895	0.0%
Net Income	$236,300	$585,624	-0.6%

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

7092

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

$1,872

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA WAUSON	CHAIRMAN	2.00	Director	$0	$0	$0
ADAM BROOKS	TRUSTEE	2.00	Director	$0	$0	$0
DON JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
SHAREEN LARMOND	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS LEWIS	TRUSTEE	2.00	Director	$0	$0	$0
DAVE MORGAN	TRUSTEE	2.00	Director	$0	$0	$0
TOM GRIFFITH	TRUSTEE	2.00	Director	$0	$0	$0
RANDY STIEFEL	TRUSTEE	2.00	Director	$0	$0	$0
SHANE TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
ELOY CORTEZ	SEC.TREASURER	2.00	Director	$0	$0	$0
MARK BRIDGES	TRUSTEE	2.00	Director	$576	$0	$576
SANTOS ALUISO	TRUSTEE	2.00	Director	$0	$0	$0
DAVID NASH	TRUSTEE	2.00	Director	$720	$0	$720
GABRIEL GARZA	TRUSTEE	2.00	Director	$0	$0	$0
BENJAMIN GREEN	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES LEWIS	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES MONTGOMERY	TRUSTEE	2.00	Director	$0	$0	$0
LARRY SOPCHAK	TRUSTEE	2.00	Director	$0	$0	$0
SAMMY WELLS	TRUSTEE	2.00	Director	$0	$0	$0
GILBERT ARREAZOLA	TRUSTEE	2.00	Director	$576	$0	$576
TIM HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
BILL WILLIAMS	TRUSTEE	2.00	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	$53,601,888	$53,365,588	$47,420,897	$236,300
2023	$54,720,519	$54,134,895	$43,970,251	$585,624
2022	$54,551,264	$54,706,672	$46,837,503	$-155,408
2021	$44,090,450	$41,223,405	$47,363,623	$2,867,045
2020	$34,811,154	$38,401,866	$42,941,619	$-3,590,712
2019	$37,349,295	$40,218,203	$44,733,547	$-2,868,908
2018	$43,911,774	$43,866,219	$46,968,228	$45,555

AGREEMENT OF TRUST FOR THE MARITIME ASSOC - ILA WELFARE & VACATION