PAINTING INDUSTRY INSURANCE FUND (EIN 340695505) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

SHAWN KROEGER

Phone

4402600615

Tax Period

2024-01-01 to 2024-12-31

PAINTING INDUSTRY INSURANCE FUND, founded in 1950, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $14.3M left a modest 13% surplus.

Mission

WELFARE BENEFIT PLAN

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,087,721

Investment Income $266,227

Other Revenue $192,727

TOTAL REVENUE $16,546,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,077,856

TOTAL EXPENSES $14,322,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,546,675	$15,064,041	+0.1%
Expenses	$14,322,940	$13,851,071	+0.0%
Net Income	$2,223,735	$1,212,970	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$165,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BROWN	TRUSTEE/CHAIRMAN	1.00	Officer Director	$0	$0	$0
APRIL SMOLIK	TRUSTEE	1.00	Director	$0	$0	$0
JIM SHERWOOD	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
LOU FERRANTE	TRUSTEE	1.00	Director	$0	$0	$0
JIM BLACK	TRUSTEE	1.00	Director	$0	$0	$0
ENRIQUE MONTES	TRUSTEE	1.00	Director	$0	$0	$0
PAM BOSZVAI	TRUSTEE	1.00	Director	$0	$0	$0
MATT FORTUNA	TRUSTEE	1.00	Director	$0	$0	$0
PAUL JESENOVEC	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN KROEGER	ADMINISTRATOR	40.00	Officer	$0	$46,800	$165,449

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	$16,546,675	$14,322,940	$14,069,804	$2,223,735
2023	$15,064,041	$13,851,071	$11,263,586	$1,212,970
2022	$14,602,853	$13,861,709	$9,897,909	$741,144
2021	$13,147,287	$13,906,310	$10,051,774	$-759,023
2020	$12,582,486	$13,133,045	$10,263,538	$-550,559
2019	$13,426,631	$13,420,943	$10,619,629	$5,688
2018	$13,025,320	$9,187,003	$9,239,719	$3,838,317

PAINTING INDUSTRY INSURANCE FUND