ILA WEST GULF MARITIME ASSOCIATION CONTAINER ROYALTY TRUST FUND #2 (EIN 746211197) - 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

1971

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 #2, founded in 1971, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023.

Mission

TO PAY BENEFITS TO 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 $8,524,663

Investment Income $270,464

Other Revenue $350

TOTAL REVENUE $8,795,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $8,795,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,795,477	$8,756,621	+0.0%
Expenses	$8,795,477	$8,756,621	+0.0%
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
SHAREEN LARMOND	TRUSTEE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ELOY CORTEZ	TRUSTEE-SEC/TREAS	1.00	Officer Director	$0	$0	$0
WILLIS CASSIDY	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS CORNWELL	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
BERT MAYLIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVE MORGAN	TRUSTEE	1.00	Director	$0	$0	$0
ALYSSA ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
ALAN ROBB	TRUSTEE	1.00	Director	$0	$0	$0
SHANE TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
MARK BRIDGES	TRUSTEE	1.00	Director	$0	$0	$0
GILBERT ARREAZOLA	TRUSTEE	1.00	Director	$0	$0	$0
GABRIEL GARZA	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	$8,795,477	$8,795,477	$8,501,602	No data
2023	$8,756,621	$8,756,621	$8,502,225	No data
2022	$8,547,527	$8,547,527	$8,502,548	No data
2021	$8,520,398	$8,520,398	$8,533,465	No data
2020	$8,582,084	$8,582,084	$8,837,662	No data
2019	$8,509,559	$8,509,559	$8,588,438	No data
2018	$8,405,489	$8,405,489	$8,826,777	No data

ILA WEST GULF MARITIME ASSOCIATION CONTAINER ROYALTY TRUST FUND #2