PAINTERS DISTRICT COUNCIL STATE OF NEW JERSEY NO 711 (EIN 223009508) - 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

1991

Legal Domicile

Principal Officer

VINCENT M LANE

Phone

9732581601

Tax Period

2022-01-01 to 2022-05-31

PAINTERS DISTRICT COUNCIL STATE OF NEW JERSEY NO 711, founded in 1991, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2022. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE OBJECTS OF IUPAT DISTRICT COUNCIL NO 711 ARE TO FURTHER THE OBJECTS OF THE INTERNATIONAL UNION, ORGANIZE THE UNORGANIZED, TO ESTABLISH CENTRAL REPRESENTATIVE BODIES HAVING JURISDICTION IN ALL MATTERS OF GENERAL INTEREST OF THE INTERNATIONAL UNION'S JUIRSDICTION; TO BRING ABOUT HARMONY AND UNITY BETWEEN LOCAL UNIONS; TO ESTABLISH A MINIMUM RATE OF WAGES IN THE DISTRICT; TO ENFORCE A CODE OF WORKING RULES GOVERNING HOURS, WAGES, AND OTHER TERMS AND CONDITIONS OF EMPLOYEMENT; AND TO CREATE A MARKETPLACE IN WHICH AN ATMOSPHERE OF LABOR/MANAGEMENT COOPERATION WILL ENHANCE PROSPERITY FOR UNION EMPLOYERS WHILE, AT THE SAME TIME, INSURING JOB SECURITY, SAFETY, TRAINING AND EXCELLENT WAGES AND BENEFITS FOR OUR MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,770,526

Investment Income $-71,916

Other Revenue $21,746

TOTAL REVENUE $2,720,356

Expense Breakdown

Grants Paid $42,630

Salaries & Benefits $2,183,322

Fundraising Expenses $0

Other Expenses $1,053,901

TOTAL EXPENSES $3,279,853

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,720,356	$7,351,041	-0.6%
Expenses	$3,279,853	$6,692,979	-0.5%
Net Income	$-559,497	$658,062	-1.9%

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

N/A

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

$382,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT LANE	BUS MGR/ SEC-TREASURER	40.00	Officer	$108,876	$52,877	$161,753
TYRONE WHITE	TRUSTEE	1.00	Officer	$4,152	$0	$4,152
THOMAS C HOFFMANN JR	VICE PRESIDENT	40.00	Officer	$51,297	$42,958	$94,255
MATTHEW DIETRICH	TRUSTEE	1.00	Officer	$1,000	$0	$1,000
DAVID REZES	PRESIDENT	40.00	Officer	$76,778	$42,958	$119,736
DANIEL BENTANCUR	WARDEN	1.00	Officer	$700	$0	$700
DONALD NICKLE	TRUSTEE	1.00	Officer	$800	$0	$800

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
2022	$2,720,356	$3,279,853	No data	$-559,497
2021	$7,351,041	$6,692,979	$8,169,811	$658,062
2020	$6,674,846	$6,410,206	$7,303,641	$264,640
2019	$7,769,369	$7,010,867	$6,999,910	$758,502
2018	$7,560,911	$6,527,632	$6,033,722	$1,033,279

PAINTERS DISTRICT COUNCIL STATE OF NEW JERSEY NO 711