PAINTERS LOCAL UNION 802 APPRENTICESHIP AND TRAINING FUND (EIN 391546758) - 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

1986

Legal Domicile

Principal Officer

JEFF MEHRHOFF

Phone

6088343100

Tax Period

2023-01-01 to 2023-12-31

PAINTERS LOCAL UNION 802 APPRENTICESHIP AND TRAINING FUND, founded in 1986, is a micro nonprofit that reported $51K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 35% operating margin.

Mission

OPERATES A TRAINING FACILITY TO EDUCATE, TRAIN, AND UPDGRADE MEMBERS IN THE PAINTING/DRYWALL FIELD.

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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 $49,692

Investment Income $0

Other Revenue $1,291

TOTAL REVENUE $50,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,876

Other Expenses $33,021

TOTAL EXPENSES $33,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,983	$512,021	-0.9%
Expenses	$33,021	$560,890	-0.9%
Net Income	$17,962	$-48,869	-1.4%

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

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
JEFF MEHRHOFF	CHAIRMAN	10.00	Officer Director	$0	$0	$0
STEVE ARMBRECHT	LABOR TRUSTEE	10.00	Director	$0	$0	$0
ADAM GIFFORD	LABOR TRUSTEE	10.00	Director	$0	$0	$0
SENAN NASH	MANAGEMENT TRUSTEE	10.00	Director	$0	$0	$0
MIKE MALOFSKY	MANAGEMENT TRUSTEE	10.00	Director	$0	$0	$0
BETHANY KELEHER	SECRETARY	10.00	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
2023	$50,983	$33,021	No data	$17,962
2022	$512,021	$560,890	$1,838,659	$-48,869
2021	$495,720	$513,206	$1,905,641	$-17,486
2020	$501,021	$457,919	$1,931,222	$43,102
2019	$529,400	$462,830	$1,854,974	$66,570
2018	$499,104	$453,552	$1,801,082	$45,552

PAINTERS LOCAL UNION 802 APPRENTICESHIP AND TRAINING FUND