CHICAGO PAINTERS AND DECORATORS RETIREE WELFARE FUND

EIN: 901034518 Mutual Benefit

DARIEN, IL

Total Revenue
$17,947,768
Total Expenses
$8,980,203
Total Assets
$173,117,119
Net Assets
$173,015,281
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IL
Principal Officer
JOSEPH RINEHART
Phone
6309605572
Tax Period
2024-05-01 to 2025-04-30

CHICAGO PAINTERS AND DECORATORS RETIREE WELFARE FUND, founded in 2013, is a mid-sized nonprofit in the Mutual Benefit sector that reported $17.9M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 50% operating margin.

Mission

TO PROVIDE QUALIFYING RETIRED MEMBERS OF THE UNION REIMBURSEMENT OF HEALTHCARE EXPENSES NOT COVERED BY ANY OTHER MEDICAL PLAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,725,526
Investment Income $11,222,242
Other Revenue $0
TOTAL REVENUE $17,947,768

Expense Breakdown

Grants Paid $0
Salaries & Benefits $273,299
Fundraising Expenses $0
Other Expenses $522,168
TOTAL EXPENSES $8,980,203

Year-over-Year Comparison

2024 2023 Change
Revenue $17,947,768 $10,753,249 +0.7%
Expenses $8,980,203 $8,370,729 +0.1%
Net Income $8,967,565 $2,382,520 +2.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
3
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
1
$49,178
Total Directors
8
$1,197,103
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEVIN CRONIN TRUSTEE 2.00
Director
$0 $0 $0
MILES BEATTY TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH RINEHART TRUSTEE 2.00
Director
$0 $105,878 $364,542
HUGO MANZO TRUSTEE 2.00
Director
$0 $106,112 $289,278
KEN KAZAITIS TRUSTEE - ALTERNATE 2.00
Director
$0 $106,508 $268,630
TODD OVERDORF TRUSTEE 2.00
Director
$0 $95,302 $274,653
RAMON ARAMBULA TRUSTEE - ALTERNATE 2.00
Director
$0 $0 $0
SUSAN DRYNAN TRUSTEE 2.00
Director
$0 $0 $0
ANDREW PERCH ADMINISTRATOR 2.00
Officer
$0 $0 $49,178
JILL HEGARTY DIRECTOR OF OPERATIONS 2.00
Highest
$191,250 $71,249 $262,499
NATALIE GIERMAN EXECUTIVE ASSISTANT 12.00
Highest
$103,325 $66,311 $169,636
PATRICIA SAENZ CLAIMS MANAGER 0.00
Highest
$116,617 $65,850 $182,467
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 $17,947,768 $8,980,203 $173,117,119 $8,967,565
2024 $10,753,249 $8,370,729 $160,328,847 $2,382,520
2023 $11,730,964 $7,531,721 $146,469,631 $4,199,243
2022 $12,663,109 $7,006,994 $149,388,694 $5,656,115
2021 $9,752,601 $6,163,939 $147,988,026 $3,588,662
2020 $10,529,520 $5,778,461 $117,286,157 $4,751,059
2019 $22,281,575 $5,031,559 $117,059,602 $17,250,016
2018 $10,057,655 $5,117,596 $105,848,330 $4,940,059
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