Painting Industry Promotion Fund (EIN 132923724) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Painting Industry Promotion Fund, founded in 1978, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $740K, a strong 56% operating margin.

Mission

THE PAINTING INDUSTRY PROMOTION FUND EXISTS TO PROMOTE THE INTERESTS OF THE UNIONIZED PAINTING, DECORATING AND FINISHING INDUSTRIES IN NEW YORK CITY, NASSAU, WESTCHESTER AND PUTNAM COUNTIES IN NEW YORK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,316,296

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,316,296

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $189,902

Fundraising Expenses $0

Program Expenses $576,775

Other Expenses $377,873

TOTAL EXPENSES $576,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,316,296	$1,308,839	+0.0%
Expenses	$576,775	$831,058	-0.3%
Net Income	$739,521	$477,781	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Ruinsky	Executive Director	25.00	Highest	$127,911	$0	$170,548
Peter Cafiero	Director	0.00	Director	$0	$0	$0
Matt Stevens	Director	0.00	Director	$0	$0	$0
Vincent Brewer	Director	0.00	Director	$0	$0	$0
Richard Henshaw	Director	0.00	Director	$0	$0	$0
Neil Singh	Director	0.00	Director	$0	$0	$0
Stuart Feld	Director	0.00	Director	$0	$0	$0
Frank Rasizzi	Treasuer	0.00	Director	$0	$0	$0
John Gisondi	Director	0.00	Director	$0	$0	$0
Michael Giarraputo	Director	0.00	Director	$0	$0	$0
Rad Jelcic	Director	0.00	Director	$0	$0	$0
Gordon Roth	Director	0.00	Director	$0	$0	$0
Todd Nugent	Chairman of the Board	0.00	Officer Director	$0	$0	$0
John Caruso	First Vice President	0.00	Officer Director	$0	$0	$0
Michael Levine	Second Vice President	0.00	Officer Director	$0	$0	$0
Dino Erbeli	Director	0.00	Officer	$0	$0	$0
Randy Pearlman	President	0.00	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	No data	No data	No data	No data
2023	$1,316,296	$576,775	$2,409,051	$739,521
2022	$1,308,839	$831,058	$1,938,312	$477,781
2021	$1,089,997	$806,480	$2,003,633	$283,517
2020	$976,636	$684,928	$1,783,794	$291,708
2019	$1,003,089	$1,002,385	$1,559,351	$704
2018	$1,022,660	$630,757	$1,354,438	$391,903

Painting Industry Promotion Fund