CHICAGO PAINTERS AND DECORATORS WELFARE FUND

EIN: 510245220

DARIEN, IL

Total Revenue
$62,431,458
Total Expenses
$55,512,820
Total Assets
$83,437,931
Net Assets
$82,462,419
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
IL
Principal Officer
JOSEPH RINEHART
Phone
6309605572
Tax Period
2024-05-01 to 2025-04-30

CHICAGO PAINTERS AND DECORATORS WELFARE FUND, founded in 1953, is a mid-sized nonprofit that reported $62.4M in total revenue in fiscal year 2024. Expenses of $55.5M left a modest 11% surplus.

Mission

TO PROVIDE HOSPITALIZATION, MEDICAL, AND OTHER RELATED BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

TO PROVIDE HOSPITALIZATION, MEDICAL AND OTHER RELATED BENEFITS TO ELIGIBLE MEMBERS AND THEIR DEPENDENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $59,642,098
Investment Income $2,787,660
Other Revenue $1,700
TOTAL REVENUE $62,431,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,223,949
Fundraising Expenses $0
Other Expenses $1,971,588
TOTAL EXPENSES $55,512,820

Year-over-Year Comparison

2024 2023 Change
Revenue $62,431,458 $59,898,965 +0.0%
Expenses $55,512,820 $56,582,726 0.0%
Net Income $6,918,638 $3,316,239 +1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
3
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
1
$49,178
Total Directors
8
$1,197,103
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILES BEATTY TRUSTEE 2.00
Director
$0 $0 $0
DEVIN CRONIN TRUSTEE 2.00
Director
$0 $0 $0
HUGO MANZO TRUSTEE 2.00
Director
$0 $106,112 $289,278
TODD OVERDORF TRUSTEE 2.00
Director
$0 $95,302 $274,653
JOSEPH RINEHART TRUSTEE 2.00
Director
$0 $105,878 $364,542
KEN KAZAITIS TRUSTEE - ALTERNATE 2.00
Director
$0 $106,508 $268,630
RAMON ARAMBULA TRUSTEE - ALTERNATE 2.00
Director
$0 $0 $0
SUSAN DRYNAN TRUSTEE 2.00
Director
$0 $0 $0
ANDREW PERCH ADMINISTRATOR 9.00
Officer
$0 $0 $49,178
JILL HEGARTY OPERATIONS MANAGER 6.00
Highest
$0 $71,249 $262,499
NATALIE GIERMAN OPERATIONS COORDINATOR 12.00
Highest
$0 $66,311 $169,636
PATRICIA SAENZ CLAIMS MANAGER 40.00
Highest
$0 $65,850 $182,467
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 $62,431,458 $55,512,820 $83,437,931 $6,918,638
2024 $59,898,965 $56,582,726 $74,288,309 $3,316,239
2023 $55,323,487 $49,457,094 $68,579,830 $5,866,393
2022 $51,185,585 $54,433,085 $62,366,129 $-3,247,500
2021 $48,087,290 $51,263,305 $67,624,703 $-3,176,015
2020 $51,304,393 $53,147,281 $67,667,623 $-1,842,888
2019 $54,223,155 $48,352,716 $69,784,489 $5,870,439
2018 $48,849,926 $52,875,135 $68,426,047 $-4,025,209
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