PAINTERS DISTRICT COUNCIL 711 HEALTH AND WELFARE FUND (EIN 223052612) - 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

BERNIE SNYDER

Phone

2159345130

Tax Period

2023-05-01 to 2024-04-30

PAINTERS DISTRICT COUNCIL 711 HEALTH AND WELFARE FUND, founded in 1990, is a mid-sized nonprofit that reported $36.1M in total revenue in fiscal year 2023.

Mission

THE PLAN PROVIDES HEALTH BENEFITS (INCLUDING MAJOR MEDICAL, HOSPITAL, DENTAL, VISION AND PRESCRIPTION DRUG), LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT AND WEEKLY DISABILITY BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS OF THE PAINTERS DISTRICT COUNCIL 711 OF THE INTERNATIONAL UNION OF PAINTERS, WHICH REPRESENTS PAINTERS AND WORKERS IN ALLIED TRADES THROUGHOUT THE STATE OF NEW JERSEY.

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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 $34,299,663

Investment Income $1,810,165

Other Revenue $0

TOTAL REVENUE $36,109,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,945

Fundraising Expenses $0

Other Expenses $1,698,950

TOTAL EXPENSES $36,378,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,109,828	$36,866,523	0.0%
Expenses	$36,378,101	$35,544,171	+0.0%
Net Income	$-268,273	$1,322,352	-1.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APOSTOLOS TSOUROUS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
CHARLES KOMOROSKI III	EMPLOYER TRUSTEE (P)	1.00	Director	$0	$0	$0
THOMAS CIRIGNANO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MARTINO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ANDY SINGH	EMPLOYER TRUSTEE/CO-CHAIR	1.00	Director	$0	$0	$0
BRIAN DRUCKS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
STEVEN LEWIS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVID REZES	UNION TRUSTEE	1.00	Director	$0	$0	$0
VINCENT LANE	UNION TRUSTEE/CO-CHAIRMAN (P)	1.00	Director	$0	$0	$0
ALBERT GALVEZ	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOHN MARINO	UNION TRUSTEE	1.00	Director	$0	$0	$0
FRANK ALVAREZ	UNION TRUSTEE	1.00	Director	$0	$0	$0
JAMES KEARNS	UNION TRUSTEE	1.00	Director	$0	$0	$0
IAN JOSLOFF	EMPLOYER TRUSTEE	1.00	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	$36,109,828	$36,378,101	No data	$-268,273
2023	$36,866,523	$35,544,171	$34,896,883	$1,322,352
2022	$33,738,478	$36,538,566	$34,646,208	$-2,800,088
2021	$33,102,222	$35,072,003	$37,627,461	$-1,969,781
2020	$36,445,627	$37,640,601	$36,265,109	$-1,194,974
2019	$34,578,314	$33,026,843	$37,866,854	$1,551,471
2018	$35,194,052	$31,165,151	$36,245,782	$4,028,901

PAINTERS DISTRICT COUNCIL 711 HEALTH AND WELFARE FUND