PAINTERS AND ALLIED TRADES LABOR- … - 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

1996

Legal Domicile

Principal Officer

JAMES A WILLIAMS JR

Phone

4105645900

Tax Period

2023-07-01 to 2024-06-30

PAINTERS AND ALLIED TRADES LABOR- MANAGEMENT COOPERATION INITIATIVE, founded in 1996, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $9.8M left a modest 6% surplus.

Mission

THE ORGANIZATION WAS ESTABLISHED UNDER THE NATIONAL LABOR RELATIONS ACT, SEC. 302(C)(9) AND THE LABOR-MANAGEMENT COOPERATION ACT OF 1974 TO ADVANCE THE COLLECTIVELY-BARGAINED FINISHING INDUSTRIES THROUGH COMMUNICATION, TRUST, AND MUTUAL RESPECT BETWEEN THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES, AFL-CIO (IUPAT), THE FINISHING CONTRACTORS ASSOCIATION, AND THE SIGNATORY EMPLOYERS OF IUPAT. THE ORGANIZATION IS THE: (1) PRIMARY RESOURCE FOR THE LEADER EDUCATION, KNOWLEDGE EXCHANGE, AND NETWORKING THAT IMPROVES THE CAPABILITIES OF THE UNIONIZED FINISHING INDUSTRY'S WORKFORCE. (2) RECOGNIZED LEADER OF A LABOR-MANAGEMENT COOPERATIVE APPROACH TO ADVANCE THE COLLECTIVELY-BARGAINED FINISHING INDUSTRY; AND (3) DRIVING FORCE IN EXPANDING THE COOPERATIVE INITIATIVES TO ADDITIONAL FINISHING INDUSTRY ASSOCIATION AND UNION ENTITIES AT ALL LEVELS.

Program Service Accomplishments

Program 1

INDUSTRY ADVOCACY - DEVELOPED AND LAUNCHED A COMPREHENSIVE MARKETING AND PROMOTION CAMPAIGN FOCUSED ON ENHANCING IUPAT SIGNATORY CONTRACTORS' MARKET SHARE. DEVELOPED AND DEPLOYED A MARKETING CAMPAIGN FOCUSED ON INCREASING THE NUMBER OF CONTRACTORS AND CRAFTWORKERS TAKING PART IN INDUSTRY CERTIFICATIONS AND CONTRACTOR QUALITY MANAGEMENT PROGRAMS DESIGNED TO INCREASE CONTRACTORS COMPETITIVENESS. DEVELOPED AN ONLINE PLATFORM TO DISTRIBUTE NEWLY CREATED BROCHURES AND OTHER MARKETING COLLATERAL. HELD INDUSTRY WORKGROUPS FOCUSED ON TARGETED INDUSTRY ISSUES AND PROBLEM SOLVING, IDENTIFIED BY A COLLABORATIVE EFFORT BETWEEN LABOR AND MANAGEMENT.

Program 2

EDUCATION AND TRAINING - SUPPORTED INDUSTRY ADVANCEMENT PROGRAMS THROUGHOUT NORTH AMERICA AIMED AT INCREASING CONTRACTOR PROFITABILITY AND MARKETSHARE AND CONTRIBUTING TO POSITIVE AND PROGRESSIVE...

EDUCATION AND TRAINING - SUPPORTED INDUSTRY ADVANCEMENT PROGRAMS THROUGHOUT NORTH AMERICA AIMED AT INCREASING CONTRACTOR PROFITABILITY AND MARKETSHARE AND CONTRIBUTING TO POSITIVE AND PROGRESSIVE LABOR MANAGEMENT RELATIONSHIPS. AWARDED GRANTS FOCUSED ON INCREASING CONTRACTOR BIDDING AND PERFORMANCE CAPACITY.

Program 3

RESOURCES - REVIEWED COLLECTIVE BARGAINING AGREEMENT GUIDES, AND PROVIDED MUTUAL GAINS BARGAINING SEMINARS AND GUIDES AIMED AT PREPARING FOR AND CONDUCTING NEGOTIATIONS IN A MORE COOPERATIVE AND...

RESOURCES - REVIEWED COLLECTIVE BARGAINING AGREEMENT GUIDES, AND PROVIDED MUTUAL GAINS BARGAINING SEMINARS AND GUIDES AIMED AT PREPARING FOR AND CONDUCTING NEGOTIATIONS IN A MORE COOPERATIVE AND COLLABORATIVE MANNER. PROVIDED ONLINE RESOURCES FOR RESEARCHING BID OPPORTUNITIES FOR CONTRACTORS. PROVIDED MARKETING AND PROGRAM TOOL KITS FOCUSED ON ASSISTING CONTRACTORS IN OBTAINING NEW WORK IN NEW AND EXISTING MARKETS INCLUDING DEMOUNTABLE PARTITIONS, AND INDUSTRIAL COATINGS WORK, AS WELL AS RECRUITMENT, MENTORING, SUBSTANCE ABUSE DISORDER AND DEATH BY SUICIDE PREVENTION PROGRAMS.

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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 $9,522,869

Investment Income $429,005

Other Revenue $478,641

TOTAL REVENUE $10,430,515

Expense Breakdown

Grants Paid $4,097,721

Salaries & Benefits $1,350,595

Fundraising Expenses $0

Other Expenses $4,358,957

TOTAL EXPENSES $9,807,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,430,515	$8,316,245	+0.3%
Expenses	$9,807,273	$9,258,280	+0.1%
Net Income	$623,242	$-942,035	-1.7%

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

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

$286,197

Total Directors

Key Employees

$308,244

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES A WILLIAMS JR	CO-CHAIRMAN	2.00	Director	$0	$0	$0
ASPOSTOLOS TSOUROUS	CO-CHAIRMAN	2.00	Director	$0	$0	$0
GREGG SMITH	LABOR TRUSTEE	2.00	Director	$0	$0	$0
PAUL CANNING	LABOR TRUSTEE	2.00	Director	$0	$0	$0
CHARLIE MEADOWS	LABOR TRUSTEE	2.00	Director	$0	$0	$0
MIKE GUTIERREZ	LABOR TRUSTEE	2.00	Director	$0	$0	$0
MARK KOMAROMI	LABOR TRUSTEE	2.00	Director	$0	$0	$0
SHANE SMITH	LABOR TRUSTEE	2.00	Director	$0	$0	$0
TODD SPRINGER	LABOR TRUSTEE	2.00	Director	$0	$0	$0
ROBERT KUCHERAN	LABOR TRUSTEE (P)	2.00	Director	$0	$0	$0
PENNY MCDONALD	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
CHRIS BAGATELOS	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
DANIEL JOSEPH DALY	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
FRED EPSICOPO	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
DAVE JOHNSON	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
LOUIS LYRAS	MANAGEMENT TRUSTEE (P)	2.00	Director	$0	$0	$0
KURK ROGERS	MANAGEMENT TRUSTEE (P)	2.00	Director	$0	$0	$0
MARK SWITZER	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
TERRY WEBB	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
THOMAS STEEVES	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JORDAN POOLE	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
SIMON HAZELWOOD	LABOR TRUSTEE	2.00	Director	$0	$0	$0
ALEX EVANS	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JIM LONGLEY	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
ANTON RUESING	EXECUTIVE DIRECTOR	20.00	Officer	$242,834	$43,363	$286,197
TIMOTHY STRICKER	DIRECTOR	40.00	Key Emp	$264,768	$43,476	$308,244
CHRISTOPHER SCHEILBLEIN	HELPING HAND DIRECTOR	40.00	Highest	$177,694	$37,291	$214,985
GAVIN MCDONALD	MARKETING AND COMMUNICATIO	40.00	Highest	$165,411	$36,826	$202,237

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	$10,430,515	$9,807,273	$17,020,234	$623,242
2023	$8,316,245	$9,258,280	$16,097,462	$-942,035
2022	$4,527,201	$8,017,931	$15,529,993	$-3,490,730
2021	$4,577,967	$7,145,017	$16,040,317	$-2,567,050
2020	$5,955,968	$7,807,403	$15,729,888	$-1,851,435
2019	$8,707,664	$8,364,967	$15,223,500	$342,697
2018	$9,284,956	$8,601,746	$13,977,722	$683,210

PAINTERS AND ALLIED TRADES LABOR- MANAGEMENT COOPERATION INITIATIVE