ILWU MEMORIAL ASSOCIATION (EIN 990299346) - 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

1950

Legal Domicile

Principal Officer

GUY FUJIMURA

Phone

8089494161

Tax Period

2024-01-01 to 2024-12-31

ILWU MEMORIAL ASSOCIATION, founded in 1950, is a small nonprofit that reported $515K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $8.5M represent 197 months of operating reserves.

Mission

TO PROMOTE THE LABOR ORGANIZATIONAL AND EDUCATIONAL EFFORTS OF THE ILWU LOCAL 142, TO BETTER THE EMPLOYMENT CONDITIONS FOR LOCAL 142 MEMBERS, THE IMPROVEMENT OF THE GRADE OF THEIR PRODUCTS AND TO IMPROVE THE SKILLS AND EFFICIENCY OF LOCAL 142 MEMBERS IN THEIR CHOSEN OCCUPATIONS.

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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 $0

Investment Income $136,427

Other Revenue $378,623

TOTAL REVENUE $515,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $505,350

TOTAL EXPENSES $505,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,050	$555,411	-0.1%
Expenses	$505,350	$467,376	+0.1%
Net Income	$9,700	$88,035	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ROBERT GIRALD	DIRECTOR	Director	$0	$0	$0
CLAYTON DELA CRUZ	DIRECTOR	Director	$0	$0	$0
STEPHEN CASTRO	DIRECTOR	Director	$0	$0	$0
DELBERT DEREGO	DIRECTOR	Director	$0	$0	$0
CORINNA NGUYEN	DIRECTOR	Director	$0	$0	$0
FRANKIE PANG	DIRECTOR	Director	$0	$0	$0
FRED GALDONES	PRESIDENT	Officer	$0	$0	$0
MELVIN CHANG	VICE PRESIDENT	Officer	$0	$0	$0
GUY FUJIMURA	SECRETARY/TREASURER	Officer	$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	$515,050	$505,350	$10,095,533	$9,700
2023	$555,411	$467,376	$10,249,209	$88,035
2022	$784,132	$457,542	$10,455,836	$326,590
2021	$1,384,457	$282,868	$10,444,786	$1,101,589
2020	$830,519	$287,644	$7,509,295	$542,875

ILWU MEMORIAL ASSOCIATION