THE PACIFIC MARITIME ASSOCIATION COVID-19 SICK LEAVE PLAN (EIN 856286921) - 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

2020

Legal Domicile

Principal Officer

MICHAEL WECHSLER

Phone

4155763200

Tax Period

2022-07-01 to 2023-06-30

THE PACIFIC MARITIME ASSOCIATION COVID-19 SICK LEAVE PLAN, founded in 2020, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2022. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $12.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE PACIFIC MARITIME ASSOCIATION COVID-19 SICK LEAVE PLAN'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE PAID SICK, FAMILY AND MEDICAL LEAVE TO ALL ELIGIBLE LONGSHORE WORKERS, CLERKS, WALKING BOSSES, AND WATCHMEN FOR REASONS RELATED TO COVID-19, AS DEFINED BY THE ILWU-PMA COLLECTIVE BARGAINING AGREEMENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,559,928

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,559,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $12,127,838

TOTAL EXPENSES $12,127,838

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,559,928	$30,719,593	-0.7%
Expenses	$12,127,838	$29,776,017	-0.6%
Net Income	$-1,567,910	$943,576	-2.7%

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

N/A

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

$1,891,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL H WECHSLER	MEMBER, BOARD OF TRUSTEES	1.0	Director	$0	$206,363	$1,006,149
STEPHEN HENNESSEY	MEMBER, BOARD OF TRUSTEES	1.0	Director	$0	$131,484	$885,447

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	No data	No data	No data	No data
2023	$10,559,928	$12,127,838	$896,123	$-1,567,910
2022	$30,719,593	$29,776,017	$2,513,085	$943,576
2021	$8,829,937	$8,279,533	$1,516,060	$550,404

THE PACIFIC MARITIME ASSOCIATION COVID-19 SICK LEAVE PLAN