INTERNATIONAL LONGSHORE & WAREHOUSE UNION LOCAL 10 (EIN 940577582) - 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

1933

Legal Domicile

Principal Officer

FARLESS DAILEY III

Phone

4157768100

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL LONGSHORE & WAREHOUSE UNION LOCAL 10, founded in 1933, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.0M left a modest 13% surplus.

Mission

TO BE A PRODUCTIVE WORK FORCE THAT PROTECTS ITS MEMBERS' JURISDICTION AND WORK RIGHTS.

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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 $499,783

Program Service Revenue $5,105,195

Investment Income $77,983

Other Revenue $157

TOTAL REVENUE $5,683,118

Expense Breakdown

Grants Paid $17,250

Salaries & Benefits $2,122,001

Fundraising Expenses $0

Other Expenses $2,831,649

TOTAL EXPENSES $4,970,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,683,118	$5,117,547	+0.1%
Expenses	$4,970,900	$4,964,315	+0.0%
Net Income	$712,218	$153,232	+3.6%

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

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

$1,146,373

Total Directors

$36,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FARLESS DAILEY III	PRESIDENT	56.00	Officer	$271,161	$41,078	$312,239
VANETTA HAMLIN	VICE PRESIDE	1.00	Officer	$11,462	$0	$11,462
FRANK GASKIN	SECRETARY-TR	56.00	Officer	$251,963	$24,152	$276,115
MELVIN MACKAY	BUS AGENT &	56.00	Officer	$186,227	$24,249	$210,476
DEMETRIUS WILLIAMS	BUS AGENT &	56.00	Officer	$125,857	$0	$125,857
TRENT WILLIS	BUS AGENT &	56.00	Officer	$184,372	$25,852	$210,224
CHENIER LAMAR	TRUSTEE	1.00	Director	$0	$0	$0
KELLEY KANE	TRUSTEE	1.00	Director	$0	$0	$0
ODRA DUNN	TRUSTEE & EX	1.00	Director	$1,110	$0	$1,110
VINCENT WASHINGTON	TRUSTEE & EX	1.00	Director	$7,383	$0	$7,383
AARON WRIGHT	TRUSTEE & EX	1.00	Director	$100	$0	$100
MAXUMAN CHENIER	TRUSTEE & EX	1.00	Director	$0	$0	$0
ANDRE DAWKINS	TRUSTEE & EX	1.00	Director	$5,335	$0	$5,335
KENNETH DOW	EXECUTIVE BO	1.00	Director	$0	$0	$0
JEFF DUHAGON	EXECUTIVE BO	1.00	Director	$277	$0	$277
SABRINA GILES	EXECUTIVE BO	1.00	Director	$860	$0	$860
KENNETH GREEN	EXECUTIVE BO	1.00	Director	$50	$0	$50
BONNIE HOUSTON	EXECUTIVE BO	1.00	Director	$0	$0	$0
MARK KENNEDY	EXECUTIVE BO	1.00	Director	$0	$0	$0
MARK KING	EXECUTIVE BO	1.00	Director	$0	$0	$0
JAMES LOGO	EXECUTIVE BO	1.00	Director	$4,475	$0	$4,475
TREVEN MCCOY	EXECUTIVE BO	1.00	Director	$5,335	$0	$5,335
JASON MCDANIEL	EXECUTIVE BO	1.00	Director	$0	$0	$0
ANTONE MONROE	EXECUTIVE BO	1.00	Director	$0	$0	$0
ERIC MONTENEGRO	EXECUTIVE BO	1.00	Director	$0	$0	$0
LEROY PHILLIPS	EXECUTIVE BO	1.00	Director	$0	$0	$0
KAMON PIERCE	EXECUTIVE BO	1.00	Director	$0	$0	$0
JAMES PLATO	EXECUTIVE BO	1.00	Director	$5,299	$0	$5,299
RONNIE RAULSTON	EXECUTIVE BO	1.00	Director	$0	$0	$0
SHEILA RISCHER	EXECUTIVE BO	1.00	Director	$0	$0	$0
JANIS SMITH	EXECUTIVE BO	1.00	Director	$860	$0	$860
ANGELINA TOSCANO-CORONADO	EXECUTIVE BO	1.00	Director	$608	$0	$608
MICHAEL VILLEGGIANTE	EXECUTIVE BO	1.00	Director	$4,652	$0	$4,652
GAIL YUI	EXECUTIVE BO	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	$5,683,118	$4,970,900	$4,702,091	$712,218
2022	$5,117,547	$4,964,315	$4,010,690	$153,232
2021	$5,128,118	$4,562,408	$3,900,560	$565,710
2020	$4,670,593	$4,361,819	$3,381,644	$308,774
2019	$4,719,842	$4,314,228	$3,119,012	$405,614
2018	$4,679,217	$4,465,165	$2,761,879	$214,052

INTERNATIONAL LONGSHORE & WAREHOUSE UNION LOCAL 10