Finishing Contractors Association … - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

Miles Beatty

Phone

7739930657

Tax Period

2024-01-01 to 2024-12-31

Finishing Contractors Association of Chicago, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $171K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $219K exceeded revenue, resulting in a 28% operating deficit.

Mission

Promote and improve the business conditions of the painting and drywall industry in the Chicago metropolitan area.

Program Service Accomplishments

Program 1

Educate contractor members regarding industry technical issues and general business matters. Represent contractor members during periodic union contract negotiations.

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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 $165,000

Program Service Revenue $0

Investment Income $6,120

Other Revenue $0

TOTAL REVENUE $171,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $214,553

TOTAL EXPENSES $218,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,120	$156,390	+0.1%
Expenses	$218,848	$196,445	+0.1%
Net Income	$-47,728	$-40,055	+0.2%

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

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

$221,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Miles Beatty	Executive Director	020.00	Officer	$0	$0	$221,692
Roy Dennis	Director	004.00	Director	$0	$0	$0
Sam Hart	Director	004.00	Director	$0	$0	$0
Jeff Hester	Director	004.00	Director	$0	$0	$0
Scott Stopen	Director	004.00	Director	$0	$0	$0
Jose Valdivia	Director	004.00	Director	$0	$0	$0
Mark Zamiar	Director	004.00	Director	$0	$0	$0
Rick Ascher	Director	004.00	Director	$0	$0	$0
Steve Brill	President	004.00	Officer Director	$0	$0	$0
Susan Drynan	Vice President	004.00	Officer Director	$0	$0	$0
Ramon Arambula	Treasurer	004.00	Officer Director	$0	$0	$0
Nate Brown	Director	004.00	Director	$0	$0	$0
Devin Cronin	Secretary	004.00	Officer Director	$0	$0	$0
Luke Oosterbaan	Director	004.00	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	$171,120	$218,848	$183,560	$-47,728
2023	$156,390	$196,445	$229,176	$-40,055
2022	$76,174	$217,275	$257,129	$-141,101
2021	$146,029	$150,961	$439,613	$-4,932
2020	$176,475	$125,572	$448,889	$50,903
2019	$176,557	$164,412	$383,850	$12,145
2018	$206,032	$117,346	$354,917	$88,686

Finishing Contractors Association of Chicago