INT'L BROTHERHOOD OF PAINTERS & ALLIED TRADES LOCAL 194 (EIN 361264201) - 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

1941

Legal Domicile

Principal Officer

TIMOTHY GOODWIN

Phone

7732371131

Tax Period

2024-07-01 to 2025-06-30

INT'L BROTHERHOOD OF PAINTERS & ALLIED TRADES LOCAL 194, founded in 1941, is a micro nonprofit that reported $91K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO ORGANIZE THE MEMBERS ASSOCIATED WITH THE UNION FOR THEIR ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT.

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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 $75,290

Investment Income $15,702

Other Revenue $0

TOTAL REVENUE $90,992

Expense Breakdown

Grants Paid $550

Salaries & Benefits $40,242

Fundraising Expenses $0

Other Expenses $78,498

TOTAL EXPENSES $119,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,992	$144,715	-0.4%
Expenses	$119,290	$99,628	+0.2%
Net Income	$-28,298	$45,087	-1.6%

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

N/A

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

$34,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE ARZOLA	VICE PRESIDENT	3.00	Officer	$2,400	$0	$2,400
COLIN WOOD	PRESIDENT AND DELEGATE	3.00	Officer	$4,800	$0	$4,800
TIMOTHY GOODWIN	FIN SECRETARY AND DELEGATE	10.00	Officer	$7,200	$0	$7,200
DAN PENSKI JR	RECORDING SECRETARY	3.00	Officer	$0	$0	$0
STANLEY SZCZELASZCZYK	TREASURER AND DELEGATE	3.00	Officer	$4,800	$0	$4,800
SAM SZCZELASZCZYK	TRUSTEE	3.00	Officer	$2,400	$0	$2,400
BRIAN EDWARDS	TRUSTEE	3.00	Officer	$2,400	$0	$2,400
EDGAR CORONA	TRUSTEE	3.00	Officer	$2,400	$0	$2,400
GENE JOHNSON	WARDEN AND DELEGATE	3.00	Officer	$2,400	$0	$2,400
MICHAEL ARZOLA	FORMER RECORDING SECRETARY	3.00	Officer	$3,408	$0	$3,408
GEORGE TRACY	FORMER TRUSTEE	3.00	Officer	$2,400	$0	$2,400

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
2025	$90,992	$119,290	$324,243	$-28,298
2024	$144,715	$99,628	$345,849	$45,087
2023	$73,674	$107,490	$351,299	$-33,816
2022	$215,425	$247,125	$368,112	$-31,700
2021	$246,421	$267,902	$437,424	$-21,481

INT'L BROTHERHOOD OF PAINTERS & ALLIED TRADES LOCAL 194