PAINTING & FINISHING EMPLOYERS ASSOCIATION OF NEW ENGLAND INC (EIN 237129570) - 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

1948

Legal Domicile

Phone

9789751099

Tax Period

2023-01-01 to 2023-12-31

PAINTING & FINISHING EMPLOYERS ASSOCIATION OF NEW ENGLAND INC, founded in 1948, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 272% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 62% operating margin.

Mission

INDUSTRY BETTERMENT

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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 $1,778,172

Investment Income $75,738

Other Revenue $0

TOTAL REVENUE $1,853,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $446,626

Other Expenses $704,277

TOTAL EXPENSES $704,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,853,910	$498,102	+2.7%
Expenses	$704,277	$546,074	+0.3%
Net Income	$1,149,633	$-47,972	-25.0%

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

Total Directors

$16,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GUNNING	EXECUTIVE DIRECTOR	10.00	Director	$0	$0	$4,800
MARK KENNEDY	SECRETARY-TREASURER	10.00	Director	$3,200	$0	$3,200
PETER TOWNSEND	PRESIDENT	10.00	Director	$3,600	$0	$3,600
THOMAS STEEVES	VICE PRESIDENT	10.00	Director	$4,400	$0	$4,400

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	No data	No data	No data	No data
2023	$1,853,910	$704,277	$3,297,074	$1,149,633
2022	$498,102	$546,074	$1,987,185	$-47,972
2021	$1,062,934	$327,045	$1,969,446	$735,889
2020	$484,012	$381,588	$1,282,139	$102,424
2018	$556,891	$352,462	$982,800	$204,429

PAINTING & FINISHING EMPLOYERS ASSOCIATION OF NEW ENGLAND INC