INTERNATIONAL LONGSHOREMENS 1588 CORP (EIN 900140634) - 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

1973

Legal Domicile

Principal Officer

VIRGIL MALDONADO

Phone

2014373452

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL LONGSHOREMENS 1588 CORP, founded in 1973, is a micro nonprofit that reported $36K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $12K, a strong 34% operating margin.

Mission

LEASE OF LAND AND BUILDING TO INTERNATIONAL LONGSHOREMEN 1588 ILA AND AFFILIATED ENTITIES

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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 $28,200

Investment Income $0

Other Revenue $7,611

TOTAL REVENUE $35,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $23,471

TOTAL EXPENSES $23,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,811	$31,398	+0.1%
Expenses	$23,471	$26,929	-0.1%
Net Income	$12,340	$4,469	+1.8%

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

$684,107

Total Directors

$60,688

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ACETI	TRUSTEE	0.50	Director	$0	$900	$12,628
ROGER PEREZ	TRUSTEE/BUSINESS AGENT	0.50	Director	$0	$0	$22,572
DAVID MALDONADO	TRUSTEE	0.50	Director	$0	$0	$25,488
VIRGILIO MALDONADO	PRESIDENT	39.00	Officer	$0	$10,800	$392,416
MARK SANTORO	SECRETARY/TREASURER	39.00	Officer	$0	$1,320	$141,174
PAUL PAUDANO	WAREHOUSE VICE PRESIDENT	0.50	Officer	$0	$1,320	$21,961
VITO RECCHIA	DEEP SEA VICE PRESIDENT	0.50	Officer	$0	$1,320	$12,372
DONNELL LINTON	BUSINESS AGENT	1.50	Officer	$0	$2,148	$10,756
NEIL PACILIO	RECORDING SECRETARY	39.00	Officer	$0	$1,320	$105,428
BRENDA EAGLE	OFFICE MANAGER	39.00	Highest	$0	$1,573	$164,363

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	$35,811	$23,471	$421,332	$12,340
2022	$31,398	$26,929	$408,992	$4,469
2021	$33,753	$23,840	$404,523	$9,913
2020	$30,826	$25,040	$394,610	$5,786
2019	$27,668	$30,177	$388,903	$-2,509
2018	$26,089	$31,787	$391,333	$-5,698

INTERNATIONAL LONGSHOREMENS 1588 CORP