CHICAGO PAINTERS AND DECORATORS WELFARE FUND (EIN 510245220) - 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

1953

Legal Domicile

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.

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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 $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

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

$49,178

Total Directors

$1,197,103

Key Employees

Highest Compensated

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

CHICAGO PAINTERS AND DECORATORS WELFARE FUND