PAINTERS LOCAL NO 109 HEALTH & WEL… - Form 990 Financial Data

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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

1978

Legal Domicile

Phone

4023421101

Tax Period

2023-09-01 to 2024-08-31

PAINTERS LOCAL NO 109 HEALTH & WELFARE PLAN, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 7% surplus.

Mission

ADMINISTER EMPLOYEE BENEFIT PLAN; RECEIVE COLLECTIVELY BARGAINED HEALTH AND WELFARE CONTRIBUTIONS FROM EMPLOYERS; AND DISBURSE FUNDS FOR INSURANCE PREMIUMS. THE PLAN HAD 97 ACTIVE PARTICIPANTS AS OF AUGUST 31, 2024.

Program Service Accomplishments

Program 1

Expenses: $1,328,461 Revenue: $1,422,842

PROVIDE AND MAINTAIN GROUP LIFE AND GROUP ACCIDENT AND HEALTH INSURANCE, INCLUDING GROUP HOSPITALIZATION, MEDICAL, AND SURGICAL BENEFITS. THE PLAN HAD 97 ACTIVE PARTICIPANTS AT 8/31/24.

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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 $1,422,842

Investment Income $955

Other Revenue $0

TOTAL REVENUE $1,423,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,328,461

Other Expenses $120,405

TOTAL EXPENSES $1,328,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,423,797	$1,324,151	+0.1%
Expenses	$1,328,461	$1,325,540	+0.0%
Net Income	$95,336	$-1,389	-69.6%

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
MIKE ANDERSEN	CHAIRMAN	0.0	Officer Director	$0	$0	$0
JEREMIAH FITCH	TRUSTEE	0.0	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
2025	No data	No data	No data	No data
2024	$1,423,797	$1,328,461	$400,286	$95,336
2023	$1,324,151	$1,325,540	$298,776	$-1,389
2022	$1,131,115	$1,138,731	$305,181	$-7,616
2021	$1,184,695	$1,165,632	$321,972	$19,063
2020	$1,130,336	$976,666	$305,085	$153,670
2019	$960,102	$968,166	$170,026	$-8,064
2018	$822,766	$1,126,504	$170,095	$-303,738

PAINTERS LOCAL NO 109 HEALTH & WELFARE PLAN