MILWAUKEE PAINTERS LOCAL UNION NO 781 HEALTH FUND (EIN 390859145) - 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

1951

Legal Domicile

Principal Officer

JEFF MEHRHOFF

Phone

4145773700

Tax Period

2023-01-01 to 2023-12-31

MILWAUKEE PAINTERS LOCAL UNION NO 781 HEALTH FUND, founded in 1951, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2023. The organization ran a surplus of $2.2M, a strong 19% operating margin.

Mission

TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS

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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 $0

Program Service Revenue $11,543,197

Investment Income $67,361

Other Revenue $0

TOTAL REVENUE $11,610,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,377,367

TOTAL EXPENSES $9,445,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,610,558	$10,805,265	+0.1%
Expenses	$9,445,978	$9,110,468	+0.0%
Net Income	$2,164,580	$1,694,797	+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

Volunteers

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

$229,427

Total Directors

$409,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MEHRHOFF	CHAIRMAN	2.00	Officer Director	$0	$89,585	$229,427
BRIAN BAUMGARTNER	TRUSTEE	2.00	Director	$0	$79,631	$178,292
TYSON FROH	TRUSTEE	2.00	Director	$0	$544	$1,204
ANGELO MARRONE	TRUSTEE	2.00	Director	$0	$0	$315
WILL STEVENS	SECRETARY/TREASURER (THRU 3/16/23)	2.00	Officer Director	$0	$0	$0
MATT MARCELLIS	TRUSTEE	2.00	Director	$0	$0	$0
AMY OLSON	TRUSTEE (THRU 3/16/23)	2.00	Director	$0	$0	$0
KEVIN CHMIELEWSKI	TRUSTEE	2.00	Director	$0	$0	$0
SARA GULOTTA	SECRETARY/TREASURER (STARTED 3/16/23)	2.00	Director	$0	$0	$0
BETHANY KELEHER	TRUSTEE (START 3/16/23)	2.00	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	No data	No data	No data	No data
2023	$11,610,558	$9,445,978	$28,424,950	$2,164,580
2022	$10,805,265	$9,110,468	$24,640,392	$1,694,797
2021	$11,991,948	$10,243,262	$26,245,476	$1,748,686
2020	$11,455,512	$11,405,057	$25,219,514	$50,455
2019	$11,870,982	$11,070,224	$24,053,644	$800,758
2018	$12,003,920	$11,719,117	$21,497,770	$284,803

MILWAUKEE PAINTERS LOCAL UNION NO 781 HEALTH FUND