Houston Maritime Association ILA - PVW Fund Office
Legal name: Agreement of Trust for the Maritime Assoc - Ila Welfare & Vacation
Nonprofit profile at a glance
- EIN
- 741330204
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Houston, Texas, United States
- Phone
- 1-800-634-1386
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Labor Unions
Reported finances
- Revenue
- $63,544,240
- Expenses
- $57,549,594
- Assets
- $56,227,965
- Liabilities
- $38,281,015
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Highest reported compensation
- DAVID NASH (TRUSTEE): $900 total reported compensation
- GILBERT ARREAZOLA (TRUSTEE): $900 total reported compensation
- MARK BRIDGES (TRUSTEE): $720 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Maritime Association – I.L.A. Pension, Retirement, Welfare and Vacation Funds exist to serve its membership by improving their quality of life by administering essential, high-quality benefits to members and their families as committed to in the collective bargaining agreements. Pension, Retirement, Welfare and Vacation Fund Office administers various benefit plans established and maintained under collective bargaining agreements between the South Atlantic & Gulf Coast District International Longshoremen’s Association and certain of its local unions, and certain employers of longshoremen in the Gulf Coast. The benefit plans are administered by a Board of Trustees but the day-to-day administration of the plan is handled by a professional staff employed by the Trustees. blue_hook_30.png.
What it reported doing in 2024
Provide accident, health, dental, and accidental death and dismemberment benefits to eligible employees, including processing claims and providing information and forms.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 98% of its reported program spending for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 58
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.7%; rating input score 90
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 71
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.4%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 95; 95th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: -1.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 89.7% of revenue deployed · 100% of spending went to programs
- Governance: 17 of 17 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $57.5M in reported program spending
- Leadership: top reported pay $900 · 17 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.