PAINTERS GLASS EMPLOYERS OF NE LABOR MANAGEMENT TRUST (EIN 205121102) - 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

2006

Legal Domicile

Principal Officer

THOMAS GUNNING

Phone

7818493220

Tax Period

2023-07-01 to 2024-06-30

PAINTERS GLASS EMPLOYERS OF NE LABOR MANAGEMENT TRUST, founded in 2006, is a community nonprofit in the Employment sector that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.7M exceeded revenue, resulting in a 32% operating deficit.

Mission

EMPLOYMENT OPPORTUNITIES.

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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 $3,200,267

Investment Income $357,605

Other Revenue $0

TOTAL REVENUE $3,557,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,736

Fundraising Expenses $0

Other Expenses $1,602,259

TOTAL EXPENSES $4,705,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,557,872	$3,181,429	+0.1%
Expenses	$4,705,618	$2,244,200	+1.1%
Net Income	$-1,147,746	$937,229	-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

Total Directors

Key Employees

$108,436

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
PETER TOWNSEND	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CARVER	TRUSTEE	1.00	Director	$0	$0	$0
JEFFERY SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES FOGELL	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH ITRI	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH GUARINO	TRUSTEE	1.00	Director	$0	$0	$0
PAUL CANNING	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW SOEP	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS GUNNING	TRUSTEE	1.00	Key Emp	$58,940	$49,496	$108,436

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
2025	No data	No data	No data	No data
2024	$3,557,872	$4,705,618	$8,537,316	$-1,147,746
2023	$3,181,429	$2,244,200	$9,034,537	$937,229
2022	$2,869,265	$1,034,699	$8,016,246	$1,834,566
2021	$1,771,271	$433,067	$6,721,284	$1,338,204
2020	$2,720,040	$1,019,501	$4,759,435	$1,700,539
2019	$2,260,909	$2,094,169	$3,255,778	$166,740
2018	$1,219,476	$2,072,093	$3,059,056	$-852,617

PAINTERS GLASS EMPLOYERS OF NE LABOR MANAGEMENT TRUST