PAINTING INDUSTRY FUND BUILDING CORP (EIN 132534897) - 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

1999

Legal Domicile

Principal Officer

JOSEPH AZZOPARDI

Phone

2122552950

Tax Period

2024-01-01 to 2024-12-31

PAINTING INDUSTRY FUND BUILDING CORP, founded in 1999, is a small nonprofit that reported $461K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $582K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE CORPORATION IS AUTHORIZED TO HOLD TITLE TO PROPERTY FOR ITS TAX-EXEMPT PARENT ORGANIZATION.

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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 $459,740

Investment Income $1,403

Other Revenue $0

TOTAL REVENUE $461,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $582,492

TOTAL EXPENSES $582,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,143	$536,568	-0.1%
Expenses	$582,492	$581,317	+0.0%
Net Income	$-121,349	$-44,749	+1.7%

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

Total Directors

$1,626,747

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH AZZOPARDI	UNION TRUSTEE	2.00	Director	$0	$176,308	$506,285
JOHN DREW	UNION TRUSTEE	2.00	Director	$0	$136,082	$315,584
NICHOLAS MILAZZO	UNION TRUSTEE	2.00	Director	$0	$132,814	$304,444
ANTHONY SPEZIALE	UNION TRUSTEE	2.00	Director	$0	$114,464	$254,696
LEE ECK	UNION TRUSTEE	2.00	Director	$0	$90,413	$188,356
MATTHEW GAETA	UNION TRUSTEE	2.00	Director	$0	$22,229	$57,382
KIERAN AHERN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN BRICE	UNION TRUSTEE	2.00	Director	$0	$0	$0
PETER CAFIERO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN CARUSO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JED COLDON	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ARCHIE ERBELI	EMPLOYER TRUSTEE (ALT)	2.00	Director	$0	$0	$0
DINO ERBELI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN GISONDI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JEROME HABER	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SCOTT HABER	EMPLOYER TRUSTEE (ALT)	2.00	Director	$0	$0	$0
TODD HELFRICH	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RICHARD HENSHAW	EMPLOYER TRUSTEE (ALT)	2.00	Director	$0	$0	$0
RADOMIR JELCIC	EMPLOYER TRUSTEE (P)	2.00	Director	$0	$0	$0
KYLE NUGENT	EMPLOYER TRUSTEE (ALT)	2.00	Director	$0	$0	$0
TODD NUGENT	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RANDY PEARLMAN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
GORDON ROTH	EMPLOYER TRUSTEE (ALT)	2.00	Director	$0	$0	$0
BRUCE RUINSKY	EMPLOYER TRUSTEE	2.00	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
2024	$461,143	$582,492	$3,329,286	$-121,349
2023	$536,568	$581,317	$3,448,801	$-44,749
2022	$1,276,089	$588,014	$3,579,312	$688,075
2021	$1,925,955	$503,721	$3,859,751	$1,422,234
2020	$326,225	$431,210	$1,398,027	$-104,985
2019	$321,181	$362,431	$1,488,532	$-41,250
2018	$719,996	$557,488	$1,533,715	$162,508

PAINTING INDUSTRY FUND BUILDING CORP