PAINTERS TRUST FUND OF WASHINGTON AND VICINITY C/O ZENITH AMERICAN SOLUTIO (EIN 526034933) - 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

1971

Legal Domicile

Principal Officer

BRIAN COURTIEN

Phone

4124712885

Tax Period

2023-10-01 to 2024-09-30

PAINTERS TRUST FUND OF WASHINGTON AND VICINITY C/O ZENITH AMERICAN SOLUTIO, founded in 1971, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.4M, a strong 32% operating margin.

Mission

TO PROVIDE MEDICAL, PRESCRIPTION, AND DEATH & DISABILITY BENEFITS TO APPLICANTS.

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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 $9,826,908

Investment Income $672,591

Other Revenue $20,120

TOTAL REVENUE $10,519,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $989,807

TOTAL EXPENSES $7,135,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,519,619	$9,153,039	+0.1%
Expenses	$7,135,050	$7,138,386	0.0%
Net Income	$3,384,569	$2,014,653	+0.7%

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

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

$673,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN W COURTIEN	CO-CHAIR/TRUSTEE	2.00	Director	$0	$57,559	$199,376
PETE FORAKIS	CO-CHAIR/TRUSTEE	2.00	Director	$0	$0	$0
CHARLES PARKER	TRUSTEE	2.00	Director	$0	$49,965	$169,066
DERWIN SCALPH JR	TRUSTEE	2.00	Director	$0	$45,254	$151,360
JOSE RAUDA	TRUSTEE	2.00	Director	$0	$46,157	$153,778
ALEX EVANS	TRUSTEE (P)	2.00	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	$10,519,619	$7,135,050	$17,505,275	$3,384,569
2023	$9,153,039	$7,138,386	$12,982,257	$2,014,653
2022	$9,214,257	$8,174,938	$10,786,045	$1,039,319
2021	$8,757,079	$8,827,753	$10,630,533	$-70,674
2020	$9,138,212	$8,085,063	$10,241,185	$1,053,149
2019	$10,288,821	$9,525,935	$8,630,743	$762,886
2018	$10,109,425	$9,625,644	$7,736,071	$483,781

PAINTERS TRUST FUND OF WASHINGTON AND VICINITY C/O ZENITH AMERICAN SOLUTIO