PAINTERS DISTRICT COUNCIL # 51 INC (EIN 521528425) - 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

1985

Legal Domicile

Principal Officer

BRIAN COURTIEN

Phone

3019180182

Tax Period

2024-01-01 to 2024-12-31

PAINTERS DISTRICT COUNCIL # 51 INC, founded in 1985, is a small nonprofit that reported $507K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $467K left a modest 8% surplus.

Mission

PAINTERS DC 51, INC IS A TITLE HOLDING CORPORATION THAT RENTS NONRESIDENTAL REAL PROPERTY TO TWO AFFILIATED EXEMPT ORGANIZATIONS.

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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 $191,198

Investment Income $0

Other Revenue $316,267

TOTAL REVENUE $507,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $467,329

TOTAL EXPENSES $467,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$507,465	$462,484	+0.1%
Expenses	$467,329	$471,113	0.0%
Net Income	$40,136	$-8,629	-5.7%

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

N/A

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

$537,667

Total Directors

$6,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICKA CURRY	TRUSTEE	1.00	Director	$0	$0	$2,821
GUY MARTIN	TRUSTEE	1.00	Director	$0	$0	$1,715
RAYMOND CLARK	TRUSTEE	1.00	Director	$0	$0	$1,771
DERWIN SCALPH JR	PRESIDENT/BUS REP	1.00	Officer	$0	$47,581	$158,323
CHARLES PARKER	VICE PRESIDENT/BUS REP	1.00	Officer	$0	$51,523	$174,014
BRIAN COURTIEN	BUS MGR/SEC TREAS.	1.00	Officer	$0	$59,408	$205,330

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	$507,465	$467,329	$4,069,242	$40,136
2023	$462,484	$471,113	$4,101,123	$-8,629
2022	$599,856	$452,836	$4,180,377	$147,020
2021	$325,070	$334,421	$4,100,824	$-9,351
2020	$317,007	$338,699	$4,178,768	$-21,692
2019	$422,317	$437,556	$4,381,335	$-15,239
2018	$526,935	$507,293	$4,459,931	$19,642

PAINTERS DISTRICT COUNCIL # 51 INC