Civic Intelligence

Cleveland Longshoremen'S Welfare Fund

EIN 34-0931020 • 501(c)9 • Canfield, OH

Profile

To provide benefits to eligible participants and dependents under the cleveland longshoremen's health and welfare fund.

3660 Stutz Drive 101Canfield, OH 44406

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.01x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2025

Net Margin

61st percentile

9.0%

Higher net margin than 61% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)9 • $1M-$5M nonprofits • Source year 2025

Asset Growth

70th percentile

10%

Faster asset growth than 70% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

54th percentile

6.9%

Faster revenue growth than 54% of similar nonprofits.

501(c)9 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,663,068

Up $152,726 (+10%) from 2024

Liabilities

Up

$9,822

Up $3,844 (+64%) from 2024

Net Assets

Up

$1,653,246

Up $148,882 (+9.9%) from 2024

Revenue

Up

$1,568,764

Up $100,963 (+6.9%) from 2024

Expenses

Up

$1,428,002

Up $20,666 (+1.5%) from 2024

Net Income

Up

$140,762

Up $80,297 (+133%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2015: $909,365Liabilities 2015: $6,619Net Assets 2015: $902,7462015Assets 2016: $1,629,941Liabilities 2016: $4,777Net Assets 2016: $1,625,1642016Assets 2017: $1,518,730Liabilities 2017: $5,173Net Assets 2017: $1,513,5572017Assets 2018: $1,299,361Liabilities 2018: $1,449Net Assets 2018: $1,297,9122018Assets 2019: $1,037,072Liabilities 2019: $2,738Net Assets 2019: $1,034,3342019Assets 2020: $765,665Liabilities 2020: $357Net Assets 2020: $765,3082020Assets 2021: $541,448Liabilities 2021: $1,942Net Assets 2021: $539,5062021Assets 2022: $771,593Liabilities 2022: $1,887Net Assets 2022: $769,7062022Assets 2023: $1,437,960Liabilities 2023: $1,197Net Assets 2023: $1,436,7632023Assets 2024: $1,510,342Liabilities 2024: $5,978Net Assets 2024: $1,504,3642024Assets 2025: $1,663,068Liabilities 2025: $9,822Net Assets 2025: $1,653,2462025

Highlighted filing

2025

Assets$1,663,068
Liabilities$9,822
Net Assets$1,653,246

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $1,256,884Expenses 2015: $874,255Net Income 2015: $382,6292015Revenue 2016: $1,895,504Expenses 2016: $1,170,696Net Income 2016: $724,8082016Revenue 2017: $1,219,081Expenses 2017: $1,317,819Net Income 2017: -$98,7382017Revenue 2018: $1,210,999Expenses 2018: $1,410,589Net Income 2018: -$199,5902018Revenue 2019: $1,128,833Expenses 2019: $1,407,715Net Income 2019: -$278,8822019Revenue 2020: $1,094,019Expenses 2020: $1,368,345Net Income 2020: -$274,3262020Revenue 2021: $885,180Expenses 2021: $1,110,239Net Income 2021: -$225,0592021Revenue 2022: $1,499,576Expenses 2022: $1,265,408Net Income 2022: $234,1682022Revenue 2023: $1,957,723Expenses 2023: $1,290,908Net Income 2023: $666,8152023Revenue 2024: $1,467,801Expenses 2024: $1,407,336Net Income 2024: $60,4652024Revenue 2025: $1,568,764Expenses 2025: $1,428,002Net Income 2025: $140,7622025

Highlighted filing

2025

Revenue$1,568,764
Expenses$1,428,002
Net Income$140,762

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Dec 2, 2025
Return Version
2024v5.2
Gross Receipts
$3,365,783
Mission and Program Overview

Mission

To provide benefits to eligible participants and dependents under the cleveland longshoremen's health and welfare fund.

To provide benefits to eligible participants and dependents (continued on schedule o)under the cleveland longshoremen's health and welfare fund.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,504,364$1,653,246▲ $148,882
Investments in Publicly Traded Securities$617,988$693,280▲ $75,292
Cash and Non-Interest-Bearing Accounts$211,541$473,208▲ $261,667
Savings and Temporary Cash Investments$550,653$368,035▼ $182,618
Prepaid Expenses and Deferred Charges$80,207$76,557▼ $3,650
Accounts Receivable$267$43▼ $224
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,510,342$1,663,068▲ $152,726
Other Assets Total$49,686$51,945▲ $2,259
Liabilities
Accounts Payable and Accrued Expenses$5,978$9,822▲ $3,844
Total Liabilities$5,978$9,822▲ $3,844
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,504,364$1,653,246▲ $148,882
Total Liabilities and Net Assets / Fund Balance$1,510,342$1,663,068▲ $152,726
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ed ThorneTrustee
John D Baker JrTrustee
Morgan C BaileyTrustee
Christopher DugasTrustee, 1/1/25-3/31/25
Michel BriseboisTrustee, 4/1/24-12/31/24
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,517,300
Investment Income
$51,464
Other Revenue
$0
Change in Net Assets
$140,762

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,565,970
Revenue Not Reported on Financial Statements
$2,794
Revenue Not Reported on Form 990
$8,120
Total Revenue per Audited Statements
$1,574,090
Total Revenue per Form 990
$1,568,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,042
Salaries, Compensation, and Employee Benefits$35,517
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,346,443
Payroll Taxes---$35,517
Fees for Services Management---$23,626
Fees for Services Accounting---$14,824
Fees for Services Legal---$3,199
Fees for Service Investment Mgmnt Fees---$2,794
Office Expenses---$1,149
Insurance---$322
Other Expenses---$128
Total Functional Expenses$0$0$0$1,428,002

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,428,002
Expenses per Audited Statements$1,425,208
Total Expenses per Audited Statements$1,425,208
Expenses Not Reported on Financial Statements$2,794
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The governing body has not formally reviewed the 990, but copies are made available to the members of the board.

Form 990, Part VI, Section C, Line 19

The organization does not make it's governing documents or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
CLEVELAND LONGSHOREMEN'S WELFARE FUND
EIN
34-0931020
Phone
3302700453
Address
3660 STUTZ DRIVE 101, CANFIELD, OH 44406

Signing Officer

Name
John D Baker Jr
Title
Trustee
Phone
3302700453
Signed
2025-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John D Baker Jr
Formed
1956
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
50
Volunteers
4

Preparer

Firm
Ciuni & Panichi Inc
Address
25201 CHAGRIN BLVD 200, CLEVELAND, OH 44122-5683
Preparer
Jeffrey R Spencer CPA
Phone
2168317171
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The oversight process and selection process has not changed during the tax year.

Financial Statement Notes

PART X, LINE 2:

The plan received an exemption letter from the internal revenue service (irs), stating that the veba trust established under the plan was in compliance with the applicable requirements of the provisions of section 501(c)(9) of the internal revenue code (irc). No federal or state income taxes have been recorded during the years ended march 31, 2025 or 2024 for unrelated business taxable income. The plan and the trust are required to operate in conformity with the irc to maintain the tax-exempt status of the trust. The plan administrator believes that the plan is being operated in compliance with the applicable requirements of the irc and, therefore, believes that the related trust was tax-exempt as of the financial statement date. Accounting principles generally accepted in the united states of america require management to evaluate the tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Raw XML Appendix338 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS), STATING THAT THE VEBA TRUST ESTABLISHED UNDER THE PLAN WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC). NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED DURING THE YEARS ENDED MARCH 31, 2025 OR 2024 FOR UNRELATED BUSINESS TAXABLE INCOME. THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST WAS TAX-EXEMPT AS OF THE FINANCIAL STATEMENT DATE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY HAS NOT FORMALLY REVIEWED THE 990, BUT COPIES ARE MADE AVAILABLE TO THE MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT MAKE IT'S GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OVERSIGHT PROCESS AND SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN D BAKER JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEVELAND LONGSHOREMEN'S WELFARE FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O BENESYS
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CIUNI & PANICHI INC
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY R SPENCER CPA
ReturnHeader/ReturnTs02026-02-12T17:03:43-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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