ILWU Warehouse Welfare Fund

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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

1953

Legal Domicile

Principal Officer

JAMES BEARD

Phone

9254263565

Tax Period

2024-07-01 to 2025-06-30

ILWU Warehouse Welfare Fund, founded in 1953, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE MEDICAL, DENTAL, AND OTHER HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PROVIDED MEDICAL, DENTAL, AND OTHER HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

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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 $12,138,683

Investment Income $245,692

Other Revenue $0

TOTAL REVENUE $12,384,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,800

Fundraising Expenses $0

Other Expenses $514,090

TOTAL EXPENSES $12,533,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,384,375	$12,116,348	+0.0%
Expenses	$12,533,259	$11,746,199	+0.1%
Net Income	$-148,884	$370,149	-1.4%

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

$14,400

Total Directors

$28,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BEARD	CHAIRMAN	2.0	Officer Director	$7,200	$0	$7,200
COREY TACCONI	SECRETARY	2.0	Officer Director	$7,200	$0	$7,200
THOMAS DILLON	TRUSTEE	2.0	Director	$7,200	$0	$7,200
TIMOTHY BREKKE	TRUSTEE	2.0	Director	$7,200	$0	$7,200
JOSE NUNEZ	TRUSTEE	2.0	Director	$0	$0	$0
RODNEY MOTEN	TRUSTEE	2.0	Director	$0	$0	$0
SEE SCH O FOR COMPENSATION	PAID BY RELATED ORGANIZATIONS	0.0	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	$12,384,375	$12,533,259	$7,067,442	$-148,884
2024	$12,116,348	$11,746,199	$6,962,571	$370,149
2023	$11,950,550	$11,674,116	$6,238,949	$276,434
2022	$12,353,486	$11,790,623	$5,779,228	$562,863
2021	$12,289,790	$11,767,113	$6,012,458	$522,677
2020	$12,303,968	$11,804,729	$5,188,948	$499,239
2019	$10,833,165	$11,242,159	$4,673,349	$-408,994
2018	$9,467,805	$9,656,502	$4,785,783	$-188,697