PAINTERS DISTRICT COUNCIL #4 LABOR MGMT COOPERATIVE INITIATIVE TRUST FUND (EIN 263566314) - 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

2007

Legal Domicile

Principal Officer

MICHAEL HOGAN

Phone

7165650112

Tax Period

2024-05-01 to 2025-04-30

PAINTERS DISTRICT COUNCIL #4 LABOR MGMT COOPERATIVE INITIATIVE TRUST FUND, founded in 2007, is a small nonprofit in the Employment sector that reported $216K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $241K exceeded revenue, resulting in a 12% operating deficit.

Mission

THROUGH THE SAFETY TRAINING AWARDS RECOGNITION (STAR) PROGRAM, THE TRUSTEES HOPE TO REDUCE WORK-RELATED INJURIES TO MEMBERS OF THE UNION AND THUS REDUCE THE COSTS FOR EMPLOYERS. STAR IS A SAFETY INCENTIVE PROGRAM PROVIDING RECOGNITION AND REWARDS TO MEMBERS OF THE UNION WHO PARTICIPATE IN SAFETY EDUCATION PROGRAMS AND TRAINING CARRIED OUT BY THE FINISHING TRADES INSTITUTE OF WESTERN NEW YORK, AN AFFILIATED APPRENTICESHIP TRAINING PROGRAM OF THE UNION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $215,631

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $240,769

TOTAL EXPENSES $240,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,631	$258,613	-0.2%
Expenses	$240,769	$238,713	+0.0%
Net Income	$-25,138	$19,900	-2.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HOGAN	TRUSTEE, CHAIRMAN	0.50	Director	$0	$0	$0
BRIAN LIPCZYNSKI	TRUSTEE	0.50	Director	$0	$0	$0
DAVID CHAFFEE	TRUSTEE	0.50	Director	$0	$0	$0
DANIEL LAFRANCE	TRUSTEE	0.50	Director	$0	$0	$0
DAN JACKSON	TRUSTEE	0.50	Director	$0	$0	$0
WESLEY SCHLOSSIN	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH COMFORT	TRUSTEE	0.50	Director	$0	$0	$0
EARL HALL	TRUSTEE	0.50	Director	$0	$0	$0
LEONTIOS BAHAS	TRUSTEE	0.50	Director	$0	$0	$0
TOM MARCHIOLE	TRUSTEE	0.50	Director	$0	$0	$0
DINGANE DOUCET	TRUSTEE	0.50	Director	$0	$0	$0
JOHN MICHAEL COOK	TRUSTEE	0.50	Director	$0	$0	$0
KIM GAYLORD	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT VERRALL	ALTERNATE TRUSTEE	0.50	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	$215,631	$240,769	$206,714	$-25,138
2024	$258,613	$238,713	$231,852	$19,900
2023	$245,314	$240,188	$211,952	$5,126
2022	$246,484	$337,394	$206,826	$-90,910
2021	$200,219	$129,162	$297,736	$71,057
2020	$250,437	$248,736	$226,679	$1,701
2019	$235,955	$283,727	$224,978	$-47,772

PAINTERS DISTRICT COUNCIL #4 LABOR MGMT COOPERATIVE INITIATIVE TRUST FUND