ILA WEST GULF MARITIME ASSOCIATION CONTAINER ROYALTY TRUST FUND #1 (EIN 746182445) - 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

1968

Legal Domicile

Principal Officer

CHELSEA WAUSON

Phone

7136787655

Tax Period

2023-10-01 to 2024-09-30

ILA WEST GULF MARITIME ASSOCIATION CONTAINER ROYALTY TRUST FUND #1, founded in 1968, is a mid-sized nonprofit that reported $44.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

TO PAY SUPPLEMENTAL WAGE BENEFITS TO ELIGIBLE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,841,327

Investment Income $2,389,280

Other Revenue $0

TOTAL REVENUE $44,230,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $987,347

TOTAL EXPENSES $44,230,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,230,607	$51,729,368	-0.1%
Expenses	$44,230,607	$51,729,368	-0.1%
Net Income	$0	$0	N/A

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
ELOY CORTEZ	TRUSTEE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SHAREEN LARMOND	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CESAR ESCAMILLA	TRUSTEE	1.00	Director	$0	$0	$0
DAVID ECKLES	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS FITZMAURICE	TRUSTEE	1.00	Director	$0	$0	$0
TOM GRIFFITH	TRUSTEE	1.00	Director	$0	$0	$0
DAVE MILLER	TRUSTEE	1.00	Director	$0	$0	$0
MIKE LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
PHILLIP ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
MARK BRIDGES	TRUSTEE	1.00	Director	$0	$0	$0
ALAN ROBB	TRUSTEE	1.00	Director	$0	$0	$0
GABRIEL GARZA	TRUSTEE	1.00	Director	$0	$0	$0
GILBERT ARREAZOLA	TRUSTEE	1.00	Director	$0	$0	$0
BILL WILLIAMS JR	TRUSTEE	1.00	Director	$0	$0	$0
JACK PENNINGTON	TRUSTEE	1.00	Director	$0	$0	$0
BILL WILLIAMS	TRUSTEE	1.00	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	$44,230,607	$44,230,607	$79,456,643	No data
2023	$51,729,368	$51,729,368	$69,540,586	No data
2022	$36,987,626	$36,987,626	$59,795,869	No data
2021	$36,179,083	$36,179,083	$56,716,364	No data
2020	$35,975,686	$35,975,686	$55,054,591	No data
2019	$30,739,222	$30,739,222	$48,726,621	No data
2018	$26,848,225	$26,848,225	$40,422,011	No data

ILA WEST GULF MARITIME ASSOCIATION CONTAINER ROYALTY TRUST FUND #1