CHICAGO PAINTERS AND DECORATORS RE… - 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

2013

Legal Domicile

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.

Program Service Accomplishments

Program 1

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%)

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

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

$49,178

Total Directors

$1,197,103

Key Employees

Highest Compensated

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

CHICAGO PAINTERS AND DECORATORS RETIREE WELFARE FUND