PAINTERS DISTRICT COUNCIL 711 FINISHING TRADES INSTITUTE OF NEW JERSEY (EIN 223051963) - 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

1990

Legal Domicile

Principal Officer

VINCENT LANE

Phone

9732581601

Tax Period

2022-05-01 to 2022-08-31

PAINTERS DISTRICT COUNCIL 711 FINISHING TRADES INSTITUTE OF NEW JERSEY, founded in 1990, is a small nonprofit that reported $964K in total revenue in fiscal year 2022. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A CONTINUOUS PROGRAM FOR THE SELECTION AND TRAINING OF APPRENTICES AND THE RETRAINING OR REFRESHER TRAINING OF JOURNEYMEN IN THE THEORY AND PRACTICE OF THE PAINTING AND ALLIED TRADES. THE TRAINING OF EACH APPRENTICE SHALL PROVIDE THE EXPERIENCE AND SCHOOLING NECESSARY TO DEVELOP A PRACTICAL AND SKILLED MECHANIC VESTED IN THE THEORY AND PRACTICE OF THE WORK SET FORTH IN THE JURISDICTIONAL PROVISIONS OF THE RELEVANT COLLECTIVE BARGAINING AGREEMENTS. FOR JOURNEYMEN THE FUND IS DESIGNED TO ENABLE THEM TO FURTHER QUALIFY IN THE FINER ASPECTS OF THE USE AND APPLICATION OF PRESENT AND FUTURE MATERIALS OF THE VARIOUS TRADES.

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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 $939,494

Investment Income $17,098

Other Revenue $7,747

TOTAL REVENUE $964,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $719,789

Fundraising Expenses $0

Program Expenses $838,073

Other Expenses $225,740

TOTAL EXPENSES $945,529

Year-over-Year Comparison

	2022	2021	Change
Revenue	$964,339	$2,480,642	-0.6%
Expenses	$945,529	$2,717,643	-0.7%
Net Income	$18,810	$-237,001	-1.1%

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

$180,242

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BARRY	UNION TRUSTEE	1.00	Director	$0	$0	$0
ANDY SINGH	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVID ZACK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
VINCENT LANE	UNION TRUSTEE/CO-CHAIRMAN	1.00	Director	$0	$0	$0
BERNARD COOKE	UNION TRUSTEE	1.00	Director	$0	$0	$0
TOM SULKOWSKI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BOB WOOD	UNION TRUSTEE	1.00	Director	$0	$0	$0
ED FLANAGAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
EDDIE SILVA	UNION TRUSTEE	1.00	Director	$0	$0	$0
KEVIN SCHLOERB	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
TOM KRUG	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL ZACK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHARLES MESSICK	DIRECTOR OF EDUCATION (P)	40.00	Officer	$53,463	$40,703	$94,166
NUNO PORTELA	DIRECTOR OF EDUCATION	45.00	Officer	$48,603	$37,473	$86,076

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	$2,480,642	$2,717,643	$3,752,451	$-237,001
2022	$964,339	$945,529	No data	$18,810
2021	$2,588,994	$2,766,631	$4,024,586	$-177,637
2020	$2,620,243	$2,657,098	$4,135,291	$-36,855
2019	$2,674,812	$2,830,451	$4,266,742	$-155,639
2018	$2,536,314	$2,773,702	$4,276,026	$-237,388

PAINTERS DISTRICT COUNCIL 711 FINISHING TRADES INSTITUTE OF NEW JERSEY