THE PAINT FOUNDATION

EIN: 850843619 501(c)(3) Environment

New York, NY

Total Revenue
$583,125
Total Expenses
$809,503
Total Assets
$3,027,513
Net Assets
$3,027,513
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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
2020
Legal Domicile
NY
Principal Officer
HUZAIFA MATAWALA
Phone
6466197185
Tax Period
2025-01-01 to 2025-12-31

THE PAINT FOUNDATION, founded in 2020, is a small nonprofit in the Environment sector that reported $583K in total revenue in fiscal year 2025. Expenses of $810K exceeded revenue, resulting in a 39% operating deficit.

Mission

PROVIDE ENVIRONMENTALLY SUSTAINABLE REUSE OPTIONS TO GENERATORS FOR THEIR NON-SALABLE , NON-REUSABLE, AND WASTE RECYCLING IT BACK IN CIRCULAR ECONOMY, CREATING PRODUCTS OF USE AND VALUE FOR DEVELOPING COMMUNITIES

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $583,125
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $583,125

Expense Breakdown

Grants Paid $632,966
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $632,966
Other Expenses $176,537
TOTAL EXPENSES $809,503

Year-over-Year Comparison

2025 2024 Change
Revenue $583,125 $571,539 +0.0%
Expenses $809,503 $750,624 +0.1%
Net Income $-226,378 $-179,085 +0.3%
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

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Governance

Voting Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HUZAIFA MATAWALA PRESIDENT 40.00
Officer Director
$0 $0 $0
FATEMA MATAWALA VICE PRESIDENT 40.00
Officer 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
2025 $583,125 $809,503 $3,027,513 $-226,378
2024 $571,539 $750,624 $3,126,958 $-179,085
2023 $1,508,177 $733,724 $3,306,043 $774,453
2022 $3,061,400 $530,028 $2,531,590 $2,531,372
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