SOUTHERN PAINTERS WELFARE FUND (EIN 581910292) - 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

1990

Legal Domicile

Principal Officer

BRUCE WOHL

Phone

6158590131

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN PAINTERS WELFARE FUND, founded in 1990, is a mid-sized nonprofit that reported $27.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.6M, a strong 24% operating margin.

Mission

THIS IS A MULTIEMPLOYER HEALTH AND WELFARE PLAN WHICH HAS BEEN ESTABLISHED TO PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PARTICIPANTS.

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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 $26,680,485

Investment Income $489,112

Other Revenue $0

TOTAL REVENUE $27,169,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,166,016

TOTAL EXPENSES $20,609,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,169,597	$24,493,514	+0.1%
Expenses	$20,609,946	$16,740,624	+0.2%
Net Income	$6,559,651	$7,752,890	-0.2%

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

$383,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL TRAYLOR	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
WALTER ILCZYSZYN	UNION TRUSTEE/CHAIRMAN (P)	2.00	Director	$0	$53,184	$189,351
NIKITAS MANIAS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
LAWRENCE PEACOCK	UNION TRUSTEE	2.00	Director	$0	$65,255	$194,139
BRUCE WOHL	EMPLOYER TRUSTEE/CO-CHAIRMAN	2.00	Director	$0	$0	$0
TONY GREEN	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
KYLE HOUGH	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
PAUL CANNING	UNION TRUSTEE/CHAIRMAN	2.00	Director	$0	$0	$0
GREGG SMITH	UNION TRUSTEE (P)	2.00	Director	$0	$0	$0
RICHARD JONES	UNION TRUSTEE	2.00	Director	$0	$0	$0
DAN WILLIAMS	UNION TRUSTEE/CO-CHAIRMAN (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	No data	No data	No data	No data
2023	$27,169,597	$20,609,946	$33,047,689	$6,559,651
2022	$24,493,514	$16,740,624	$25,940,303	$7,752,890
2021	$23,602,516	$19,931,826	$17,172,930	$3,670,690
2020	$21,336,774	$22,906,993	$13,382,298	$-1,570,219
2019	$23,458,122	$25,428,190	$15,247,754	$-1,970,068
2018	$23,072,929	$26,672,811	$16,861,379	$-3,599,882

SOUTHERN PAINTERS WELFARE FUND