Chicago Painting & Decorating Contr Indus Advanmt & Promo Fund

EIN: 363606364

Chicago, IL

Total Revenue
$738,019
Total Expenses
$815,559
Total Assets
$333,571
Net Assets
$333,571
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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
1988
Legal Domicile
IL
Principal Officer
Miles Beatty
Phone
7739930657
Tax Period
2024-01-01 to 2024-12-31

Chicago Painting & Decorating Contr Indus Advanmt & Promo Fund, founded in 1988, is a small nonprofit that reported $738K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $816K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Funds purpose is to promote and improve the business conditions of the painting and decorating industry in the Chicago area.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $724,810
Program Service Revenue $3,600
Investment Income $9,609
Other Revenue $0
TOTAL REVENUE $738,019

Expense Breakdown

Grants Paid $0
Salaries & Benefits $437,394
Fundraising Expenses $0
Other Expenses $378,165
TOTAL EXPENSES $815,559

Year-over-Year Comparison

2024 2023 Change
Revenue $738,019 $664,341 +0.1%
Expenses $815,559 $758,534 +0.1%
Net Income $-77,540 $-94,193 -0.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
1
$221,692
Total Directors
5
$0
Key Employees
1
$221,692
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miles Beatty Exec Director 020.00
Officer Key Emp Highest
$221,692 $0 $221,692
Mark Zamiar Trustee 004.00
Director
$0 $0 $0
Ramon Arambula Trustee 004.00
Director
$0 $0 $0
Steve Brill Trustee 004.00
Director
$0 $0 $0
Susan Drynan Trustee 004.00
Director
$0 $0 $0
Devin Cronin Trustee 004.00
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
2024 $738,019 $815,559 $333,571 $-77,540
2023 $664,341 $758,534 $409,920 $-94,193
2022 $690,869 $686,218 $490,835 $4,651
2021 $675,570 $710,260 $550,102 $-34,690
2020 $673,329 $727,913 $633,242 $-54,584
2019 $774,501 $756,142 $623,709 $18,359
2018 $775,758 $777,945 $577,609 $-2,187
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