DISTRICT COUNCIL NO 3 PAINTERS AND ALLIED TRADES WELFARE FUND (EIN 430817513) - 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

1974

Legal Domicile

Principal Officer

JOEY FLICKNER

Phone

8167563313

Tax Period

2023-10-01 to 2024-09-30

DISTRICT COUNCIL NO 3 PAINTERS AND ALLIED TRADES WELFARE FUND, founded in 1974, is a mid-sized nonprofit that reported $14.5M in total revenue in fiscal year 2023. The organization ran a surplus of $2.6M, a strong 18% operating margin.

Mission

TO PROVIDE HEALTH BENEFITS TO QUALIFIED PARTICIPANTS.

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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 $13,672,741

Investment Income $463,326

Other Revenue $402,133

TOTAL REVENUE $14,538,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $802,425

TOTAL EXPENSES $11,953,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,538,200	$13,659,483	+0.1%
Expenses	$11,953,827	$11,035,142	+0.1%
Net Income	$2,584,373	$2,624,341	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

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

$137,526

Total Directors

$360,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CARPENTER	CHAIRMAN	1.00	Officer Director	$0	$39,894	$137,526
ERICA JENKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID COX	TRUSTEE	1.00	Director	$0	$0	$0
JOEY FLICKNER	TRUSTEE	1.00	Director	$0	$39,894	$117,283
DEMETRIO GARCIA	TRUSTEE	1.00	Director	$0	$39,894	$105,348
TIM HOGAN	TRUSTEE	1.00	Director	$0	$0	$0
JIM PARKER	TRUSTEE	1.00	Director	$0	$0	$0
MARK THOMAS	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
2024	$14,538,200	$11,953,827	$19,263,732	$2,584,373
2023	$13,659,483	$11,035,142	$15,740,083	$2,624,341
2022	$13,049,367	$13,063,990	$12,974,070	$-14,623
2021	$11,842,707	$11,418,142	$14,755,417	$424,565
2020	$13,605,471	$12,487,016	$14,303,772	$1,118,455
2019	$13,345,201	$14,188,679	$13,139,682	$-843,478
2018	$11,930,630	$13,833,506	$14,026,540	$-1,902,876

DISTRICT COUNCIL NO 3 PAINTERS AND ALLIED TRADES WELFARE FUND