PAINTERS UNION INSURANCE FUND (EIN 381428364) - 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

1954

Legal Domicile

Principal Officer

GREGORY KAZMIERSKI

Phone

2483583340

Tax Period

2024-06-01 to 2025-05-31

PAINTERS UNION INSURANCE FUND, founded in 1954, is a mid-sized nonprofit that reported $14.5M in total revenue in fiscal year 2024. Expenses of $12.7M left a modest 13% surplus.

Mission

TO PROVIDE HEALTH CARE TO MEMBERS OF THE PAINTERS DISTRICT 1M AND OTHER WORKING UNDER A COLLECTIVE BARGAINING AGREEMENT.

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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 $13,943,501

Investment Income $543,907

Other Revenue $4,805

TOTAL REVENUE $14,492,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $519,619

Fundraising Expenses $0

Other Expenses $1,096,051

TOTAL EXPENSES $12,671,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,492,213	$13,531,848	+0.1%
Expenses	$12,671,538	$11,757,881	+0.1%
Net Income	$1,820,675	$1,773,967	+0.0%

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

$156,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY KAZMIERSKI	ADMINISTRATOR	24.00	Officer	$120,882	$35,161	$156,043
MIKE KOVALCHEK	CHAIRMAN	4.00	Officer Director	$0	$0	$0
ROBERT GONZALES	SECRETARY	2.00	Officer Director	$0	$0	$0
ANTHONY PARKER	TRUSTEE	1.00	Director	$0	$0	$0
DONNA PARDONNET	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE KOKLONARIS	TRUSTEE	1.00	Director	$0	$0	$0
JEREMEY HAVILAND	TRUSTEE	1.00	Director	$0	$0	$0
PAUL RZEPECKI	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MIKULEN	TRUSTEE	1.00	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
2025	$14,492,213	$12,671,538	$23,734,252	$1,820,675
2024	$13,972,742	$11,775,714	$20,482,122	$2,197,028
2023	$12,439,069	$11,326,698	$18,140,711	$1,112,371
2022	$12,546,456	$13,042,274	$17,081,218	$-495,818
2021	$14,520,767	$10,698,729	$17,529,661	$3,822,038
2020	$12,573,010	$11,527,877	$13,686,335	$1,045,133
2019	$11,137,342	$12,954,400	$12,755,048	$-1,817,058

PAINTERS UNION INSURANCE FUND