ILA Local 2078

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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

2023

Legal Domicile

Phone

8139653405

Tax Period

2023-01-01 to 2023-12-31

ILA Local 2078, founded in 2023, is a small nonprofit that reported $524K in total revenue in fiscal year 2023. The organization ran a surplus of $507K, a strong 97% operating margin.

Mission

The mission of the organization is to provide representation of members in various labor matters with employers.

Program Service Accomplishments

Program 1

ILA Local 2078 represents its membership group of approximately 107 members, including retirees, in relations with employers through negotiation of contracts for better working conditions, wages and...

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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 $502,343

Program Service Revenue $21,703

Investment Income $0

Other Revenue $0

TOTAL REVENUE $524,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,328

Fundraising Expenses $0

Other Expenses $10,895

TOTAL EXPENSES $17,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$524,046	N/A	N/A
Expenses	$17,223	N/A	N/A
Net Income	$506,823	N/A	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

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

$5,228

Total Directors

$750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Howard Roundtree	President	20.00	Officer	$3,317	$0	$3,317
Tim Simpson	Treasurer	2.00	Officer	$960	$0	$960
Michael Newton	Vice President	2.00	Officer	$951	$0	$951
Alonzo Morris	Trustee	2.00	Director	$250	$0	$250
Kent Harris	Trustee	2.00	Director	$250	$0	$250
Torey Norman	Trustee	2.00	Director	$250	$0	$250

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
2023	$524,046	$17,223	$508,113	$506,823