INTERNATIONAL UNION OF PAINTERS & ALLIED TRADES DISTRICT COUNCIL 11 (EIN 061269651) - 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

1989

Legal Domicile

Principal Officer

JASON WERTHMAN

Phone

8606130200

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL UNION OF PAINTERS & ALLIED TRADES DISTRICT COUNCIL 11, founded in 1989, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 14% surplus.

Mission

PROVIDE OVERSIGHT AND CENTRALIZED MANAGEMENT TO ALL LOCAL UNIONS WITHIN THE DISTRICT COUNCIL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,410,343

Investment Income $92,958

Other Revenue $389,444

TOTAL REVENUE $3,892,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,426,415

Fundraising Expenses $0

Other Expenses $937,472

TOTAL EXPENSES $3,363,887

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,892,745	$2,565,123	+0.5%
Expenses	$3,363,887	$3,023,266	+0.1%
Net Income	$528,858	$-458,143	-2.2%

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

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

$1,548,985

Total Directors

$2,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND PEABODY	TRUSTEE	2.00	Director	$1,200	$0	$1,200
DAMIAN MAINE	TRUSTEE (P)	2.00	Director	$300	$0	$300
LEONARD SAMATULSKI	TRUSTEE	2.00	Director	$1,200	$0	$1,200
SAMUEL ERAZO	TRUSTEE	2.00	Director	$100	$0	$100
MARK VERITY	PRESIDENT	45.00	Officer	$152,882	$69,453	$222,335
JASON WERTHMAN	BUSINESS MANAGER/SECRETARY	60.00	Officer	$200,599	$71,949	$272,548
JUSTIN KELLEY	VICE PRESIDENT	45.00	Officer	$152,882	$59,223	$212,105
JOSEPH FAZZINO	BUSINESS REP	40.00	Officer	$136,942	$67,301	$204,243
WILFREDO VEGA JR	BUSINESS REP	45.00	Officer	$152,882	$65,493	$218,375
RICHARD RIVERA	WARDEN	40.00	Officer	$136,942	$67,301	$204,243
JOHN LACHAPELLE	BUSINESS REP.	45.00	Officer	$150,010	$65,126	$215,136
MARK DAVIDSON	BUSINESS REP.	40.00	Highest	$136,942	$67,301	$204,243
ROBERT HILL	ORGANIZER	40.00	Highest	$100,973	$52,215	$153,188
RICHARD GONTARZ-DURFEE	ORGANIZER	40.00	Highest	$100,973	$52,215	$153,188

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	No data	No data	No data	No data
2023	$3,892,745	$3,363,887	$7,123,256	$528,858
2022	$2,565,123	$3,023,266	$6,527,017	$-458,143
2021	$3,084,113	$2,724,396	$7,195,162	$359,717
2020	$2,922,540	$2,731,661	$6,888,209	$190,879
2019	$3,634,748	$2,928,185	$6,656,246	$706,563
2018	$3,144,115	$2,836,285	$5,886,744	$307,830

INTERNATIONAL UNION OF PAINTERS & ALLIED TRADES DISTRICT COUNCIL 11