PACIFIC MARITIME ASSOCIATION (EIN 942914940) - 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

1949

Legal Domicile

Principal Officer

STEPHEN HENNESSEY

Phone

4155763200

Tax Period

2024-07-01 to 2025-06-30

PACIFIC MARITIME ASSOCIATION, founded in 1949, is a major nonprofit that reported $172.2M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

TO NEGOTIATE AND ADMINISTER MARITIME LABOR AGREEMENTS WITH THE INTERNATIONAL LONGSHORE & WAREHOUSE UNION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $150,611,097

Investment Income $5,437,892

Other Revenue $16,129,832

TOTAL REVENUE $172,178,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,123,078

Fundraising Expenses $0

Program Expenses $0

Other Expenses $144,544,339

TOTAL EXPENSES $181,667,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,178,821	$258,342,292	-0.3%
Expenses	$181,667,417	$167,477,193	+0.1%
Net Income	$-9,488,596	$90,865,099	-1.1%

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

153

Volunteers

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

$4,109,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MCKENNA	FORMER CEO	0.0		$2,454,186	$55,355	$2,509,541
CRAIG EPPERSON	SVP, SECRETARY & GEN. COUNSEL	40.0	Officer	$1,025,141	$163,884	$1,189,025
STEPHEN HENNESSEY	CEO	40.0	Officer	$1,007,175	$156,383	$1,163,558
MICHAEL WECHSLER	SVP FINANCE & ADMIN/CFO	40.0	Officer	$921,659	$231,747	$1,153,406
KENNETH CHAD LINDSAY	SVP LABOR RELATIONS, COO	40.0	Officer	$526,028	$77,773	$603,801
WILLIAM BARTELSON	VP, CONTRACT ADMIN & ARB	40.0	Highest	$463,470	$82,989	$546,459
PARIN JHAVERI	VP, INFORMATION TECHNOLOGY	40.0	Highest	$456,666	$64,259	$520,925
JOHN ROONEY	CONTROLLER	40.0	Highest	$381,897	$58,718	$440,615
TODD AMIDON	DEPUTY GENERAL COUNSEL	40.0	Highest	$381,419	$55,157	$436,576
SEAN MARRON	VP LABOR RELATIONS	40.0	Highest	$356,553	$77,748	$434,301
ROY AMALFITANO	DIRECTOR	3.0	Director	$0	$0	$0
RONNIE ARMSTRONG	DIRECTOR (UNTIL 12/24)	3.0	Director	$0	$0	$0
JUNSEOK CHOI	DIRECTOR	3.0	Director	$0	$0	$0
JEAN-YVES DUVAL	DIRECTOR (UNTIL 5/25)	3.0	Director	$0	$0	$0
NICOLAS GAUTHIER	DIRECTOR	3.0	Director	$0	$0	$0
AL GEBHARDT	DIRECTOR	3.0	Director	$0	$0	$0
JOSEPH GREGORIO SR	DIRECTOR	3.0	Director	$0	$0	$0
RICH KINNEY	DIRECTOR	3.0	Director	$0	$0	$0
PAUL NAZZARO	DIRECTOR (UNTIL 10/24)	3.0	Director	$0	$0	$0
CHRIS PARVIN	DIRECTOR	3.0	Director	$0	$0	$0
GEORGE PASHA	DIRECTOR	3.0	Director	$0	$0	$0
KURT MITTENZWEI	DIRECTOR (FROM 6/25)	3.0	Director	$0	$0	$0
DAVE WEAR	DIRECTOR (FROM 1/25)	3.0	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
2025	$172,178,821	$181,667,417	$782,149,024	$-9,488,596
2024	$258,342,292	$167,477,193	$861,893,377	$90,865,099
2023	$185,777,942	$175,005,529	$1,280,781,130	$10,772,413
2022	$182,282,596	$169,629,993	$1,051,779,021	$12,652,603
2021	$173,227,443	$177,301,024	$841,134,806	$-4,073,581
2020	$136,916,005	$148,328,210	$659,617,453	$-11,412,205
2019	$131,474,320	$144,120,389	$472,166,271	$-12,646,069
2018	$126,729,655	$125,136,116	$571,903,077	$1,593,539

PACIFIC MARITIME ASSOCIATION