Ship Clerks Association ILWU Local 34 (EIN 940577565) - 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

1937

Legal Domicile

Principal Officer

ALLEN FUNG

Tax Period

2023-01-01 to 2023-12-31

Ship Clerks Association ILWU Local 34, founded in 1937, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023.

Mission

TO UNITE IN ONE ORGANIZATION ALL WORKERS TO MAINTAIN AND IMPROVE THE WAGES AND WORKING CONDITIONS.

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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 $1,429,082

Investment Income $3,034

Other Revenue $152,073

TOTAL REVENUE $1,584,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,936

Fundraising Expenses $0

Program Expenses $1,291,639

Other Expenses $850,613

TOTAL EXPENSES $1,614,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,584,189	$1,638,575	0.0%
Expenses	$1,614,549	$1,585,320	+0.0%
Net Income	$-30,360	$53,255	-1.6%

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

242

Independent Members

N/A

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

$302,941

Total Directors

$3,796

Key Employees

$77,268

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN FARLEY	PRESIDENT	40.00	Officer	$201,396	$18,200	$219,596
DAVID LOVILLE	VICE PRESIDENT	40.00	Officer	$77,778	$0	$77,778
CONNIE LI	ADMIN	35.00	Key Emp	$77,268	$0	$77,268
ALLEN FUNG	SECRETARY TREASURER	1.00	Officer	$5,567	$0	$5,567
RICKIE COX	TRUSTEE	1.00	Director	$3,625	$0	$3,625
JEANETTE PEOPLES	TRUSTEE	1.00	Director	$171	$0	$171
RUSELL MIYASHIRO	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	No data	No data	No data	No data
2023	$1,584,189	$1,614,549	$334,991	$-30,360
2022	$1,638,575	$1,585,320	$365,351	$53,255
2021	$1,502,786	$1,595,443	$312,096	$-92,657
2020	$1,629,140	$1,456,986	$404,753	$172,154
2019	$1,631,395	$1,537,889	$232,599	$93,506
2018	$1,427,043	$1,365,315	$139,093	$61,728

Ship Clerks Association ILWU Local 34