PAINTERS LOCAL 802 HEALTH AND WELFARE FUND (EIN 396078181) - 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

1999

Legal Domicile

Principal Officer

JEFF MEHRHOFF

Phone

6088343100

Tax Period

2023-01-01 to 2023-12-31

PAINTERS LOCAL 802 HEALTH AND WELFARE FUND, founded in 1999, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $5.7M left a modest 9% surplus.

Mission

TO PROVIDE HEALTH, DISABILITY, LIFE, AND DENTAL INSURANCE TO UNION MEMBERS AND NONMEMBERS.

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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 $5,972,039

Investment Income $157,249

Other Revenue $83,423

TOTAL REVENUE $6,212,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,495,703

TOTAL EXPENSES $5,681,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,212,711	$4,839,275	+0.3%
Expenses	$5,681,061	$5,198,243	+0.1%
Net Income	$531,650	$-358,968	-2.5%

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

$413,207

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MEHRHOFF	CHAIRMAN	1.00	Officer Director	$0	$89,585	$229,427
BRIAN BAUMGARTNER	LABOR TRUSTEE	0.50	Director	$0	$79,631	$178,292
STEVE ARMBRECHT THRU 101223	LABOR TRUSTEE	0.50	Director	$0	$0	$0
AMY OLSON THRU 11823	MANAGEMENT TRUSTEE/SEC. TR	0.50	Officer Director	$0	$0	$0
MIKE MALOFSKY	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
SENAN NASH	MANAGEMENT TRUSTEE	0.50	Director	$0	$0	$0
BETHANY KELEHER START 11823	MANAGEMENT TRUSTEE/SEC. TR	0.50	Officer Director	$0	$0	$0
RAY LAVALLEE START 101223	LABOR TRUSTEE	0.50	Director	$0	$1,535	$5,488

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	$6,212,711	$5,681,061	$6,917,597	$531,650
2022	$4,839,275	$5,198,243	$5,617,731	$-358,968
2021	$5,021,664	$5,680,448	$6,797,451	$-658,784
2020	$5,465,619	$5,666,629	$7,587,228	$-201,010
2019	$5,637,481	$4,934,521	$7,229,798	$702,960
2018	$5,981,250	$5,778,359	$6,205,078	$202,891

PAINTERS LOCAL 802 HEALTH AND WELFARE FUND