IUPAT DISTRICT COUNCIL NO 21 JOB RECOVERY FUND

EIN: 232860609

PHILADELPHIA, PA

Total Revenue
$3,190,165
Total Expenses
$1,952,023
Total Assets
$5,687,572
Net Assets
$3,130,205
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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
1964
Legal Domicile
PA
Principal Officer
MICHAEL PREVITERA
Phone
2159345130
Tax Period
2024-05-01 to 2025-04-30

IUPAT DISTRICT COUNCIL NO 21 JOB RECOVERY FUND, founded in 1964, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 39% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO SUBSIDIZE THE AMOUNT A CONTRIBUTING EMPLOYER PAYS FOR FRINGE BENEFITS IN ORDER TO AID COMPETITIVENESS IN OBTAINING CONTRACTS WHICH OTHERWISE MAY BE LOST TO NON-UNION CONTRACTORS. TO ACCOMPLISH THIS PURPOSE, THE FUND DISTRIBUTES BENEFIT GRANTS TO THE PENSION, HEALTH AND WELFARE, ANNUITY, APPRENTICESHIP TRAINING, INDUSTRY ADVANCEMENT AND LABOR MANAGEMENT FUNDS ON BEHALF OF EMPLOYERS WHO EMPLOY OR DESIRE TO EMPLOY MEMBERS OF THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES DISTRICT COUNCIL 21.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,035,617
Investment Income $154,548
Other Revenue $0
TOTAL REVENUE $3,190,165

Expense Breakdown

Grants Paid $1,897,550
Salaries & Benefits $18,327
Fundraising Expenses $0
Other Expenses $36,146
TOTAL EXPENSES $1,952,023

Year-over-Year Comparison

2024 2023 Change
Revenue $3,190,165 $2,554,843 +0.2%
Expenses $1,952,023 $2,260,747 -0.1%
Net Income $1,238,142 $294,096 +3.2%
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

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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA GODLEWSKI EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
FRANCIS MCLAUGHLIN UNION TRUSTEE (P) 1.00
Director
$0 $0 $0
BERNIE SNYDER UNION TRUSTEE 1.00
Director
$0 $0 $0
MICHEAL THURMAN EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ANGELA TILOTTA EMPLOYER TRUSTEE (P) 1.00
Director
$0 $0 $0
PAUL TSOUROUS EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL VALCO UNION TRUSTEE 1.00
Director
$0 $0 $0
RAPHAEL VARGAS UNION 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
2025 $3,190,165 $1,952,023 $5,687,572 $1,238,142
2024 $2,554,843 $2,260,747 $4,827,212 $294,096
2023 $2,225,304 $2,612,271 $4,108,438 $-386,967
2022 $1,653,938 $2,454,705 $3,917,796 $-800,767
2021 $1,755,366 $1,267,809 $3,983,663 $487,557
2020 $2,150,070 $2,155,909 $3,659,748 $-5,839
2019 $2,145,411 $2,484,747 $3,644,549 $-339,336
2018 $1,658,775 $1,537,187 $3,663,015 $121,588
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