MI ALLIANCE OF UNION PAINTING CONTRACTORS INDUSTRY ADVANCE FUND (EIN 461115458) - 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

2012

Legal Domicile

Principal Officer

JOHN PAPALAS

Phone

2487462710

Tax Period

2024-01-01 to 2024-12-31

MI ALLIANCE OF UNION PAINTING CONTRACTORS INDUSTRY ADVANCE FUND, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $186K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 60% operating margin.

Mission

PROVIDING FOR THE BETTERMENT OF THE PAINTERS INDUSTRY

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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 $143,659

Investment Income $41,886

Other Revenue $0

TOTAL REVENUE $185,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,878

Other Expenses $74,387

TOTAL EXPENSES $74,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,545	$152,175	+0.2%
Expenses	$74,387	$64,370	+0.2%
Net Income	$111,158	$87,805	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK ATSALAKIS	SECRETARY/TR	1.00	Director	$0	$0	$0
MIKE KOVALCHECK	ALTERNATE TR	1.00	Director	$0	$0	$0
JOHN PAPALAS	PRESIDENT	1.00	Director	$0	$0	$0
STEVE VLHAKIS	VICE PRESIDE	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	$185,545	$74,387	$1,168,330	$111,158
2023	$152,175	$64,370	$1,057,172	$87,805
2022	$138,801	$3,845	$969,367	$134,956
2021	$137,839	$29,302	$834,411	$108,537
2020	$141,193	$4,302	$725,874	$136,891
2019	$140,787	$162,935	$588,983	$-22,148
2018	$140,422	$46,440	$611,131	$93,982

MI ALLIANCE OF UNION PAINTING CONTRACTORS INDUSTRY ADVANCE FUND