Northern Illinois Painting and Drywall Institute (EIN 363013374) - 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

1992

Legal Domicile

Principal Officer

Mark Palmer

Phone

6302647880

Tax Period

2023-01-01 to 2023-12-31

Northern Illinois Painting and Drywall Institute, founded in 1992, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $986K left a modest 13% surplus.

Mission

The organization is an industry advancement fund dedicated to promoting the union painting and drywall taping industry in northern and central Illinois.

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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 $1,055,578

Program Service Revenue $0

Investment Income $44,673

Other Revenue $32,562

TOTAL REVENUE $1,132,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,375

Fundraising Expenses $0

Other Expenses $652,023

TOTAL EXPENSES $986,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,132,813	$1,056,366	+0.1%
Expenses	$986,398	$928,812	+0.1%
Net Income	$146,415	$127,554	+0.1%

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

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

$186,947

Total Directors

$66,925

Key Employees

$164,547

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Palmer	Chief Executive Officer	020.00	Officer Key Emp Highest	$164,547	$0	$164,547
William Nielsen	Trustee	004.00	Director	$0	$0	$18,575
Kurt Hand	Trustee	004.00	Director	$0	$0	$10,300
Roy Dennis	Trustee	004.00	Director	$0	$0	$9,100
Jason Larsen	Vice-Chairman	004.00	Officer Director	$0	$0	$8,800
Ken Ober	Chairman	004.00	Officer Director	$0	$0	$8,600
Robert Ruff	Trustee	004.00	Director	$0	$0	$6,550
Matt Anderson	Sec-Treas	004.00	Officer Director	$0	$0	$5,000

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	$1,132,813	$986,398	$2,591,412	$146,415
2022	$1,056,366	$928,812	$2,352,739	$127,554
2021	$972,762	$892,871	$2,440,427	$79,891
2020	$984,796	$914,570	$2,318,798	$70,226
2019	$1,106,771	$1,012,875	$2,156,760	$93,896
2018	$1,053,184	$889,665	$1,986,745	$163,519

Northern Illinois Painting and Drywall Institute