PAINTERS AFL-CIO LOCAL UNION 502 (EIN 361593315) - 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

1912

Legal Domicile

Principal Officer

KEN ELLISON

Phone

3097888080

Tax Period

2021-01-01 to 2021-12-31

PAINTERS AFL-CIO LOCAL UNION 502, founded in 1912, is a micro nonprofit that reported $43K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. Expenses of $38K left a modest 11% surplus.

Mission

REPRESENT MEMBER OF IUPAT LOCAL UNION 502 WHO WORKS IN THE FINISHING TRADES AS PAINTERS, DRYWALL FINISHERS AND WALLCOVERERS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $38,597

Program Service Revenue $0

Investment Income $507

Other Revenue $4,034

TOTAL REVENUE $43,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376

Fundraising Expenses $0

Other Expenses $4,654

TOTAL EXPENSES $38,394

Year-over-Year Comparison

	2021	2020	Change
Revenue	$43,138	$52,783	-0.2%
Expenses	$38,394	$45,553	-0.2%
Net Income	$4,744	$7,230	-0.3%

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
COREY CAMERON	TRUSTEE	1.00	Officer Director	$0	$0	$0
KEN ELLISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM FINCH	TREASURER	1.00	Officer Director	$0	$0	$0
ASHLEY ROSENOW	FINANCIAL SE	1.00	Officer 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
2021	$43,138	$38,394	No data	$4,744
2020	$52,783	$45,553	$22,861	$7,230
2019	$64,397	$62,687	$15,631	$1,710
2018	$68,164	$65,123	$13,921	$3,041

PAINTERS AFL-CIO LOCAL UNION 502