PAINTERS & DRYWALL FINISHERS LOCAL UNION 913 (EIN 940748029) - 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

1964

Legal Domicile

Principal Officer

ADAM CORTEZ

Phone

4156250225

Tax Period

2024-01-01 to 2024-12-31

PAINTERS & DRYWALL FINISHERS LOCAL UNION 913, founded in 1964, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Expenses of $183K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FOSTER AND ADOPT WAYS AND MEANS FOR THE CONTINUOUS IMPROVEMENT OF THE WORKING AND LIVING STANDARDS OF THE MEMBERS OF THIS UNION; TO SECURE LEGISLATION IN THE INTERESTS OF OUR MEMBERS; TO BRING ABOUT HIGHER WAGES, SHORTER HOURS AND BETTER WORKING CONDITIONS FOR THEM; TO INFLUENCE PUBLIC OPINION BY PEACEFUL AND LEGAL METHODS IN FAVOR OF OUR AFFILIATED ORGANIZATIONS AND ALL ORGANIZED LABOR GENERALLY; TO PROMOTE, ENCOURAGE AND BRING INTO EXISTENCE SATISFACTORY CONTRACTUAL RELATIONSHIPS WITH EMPLOYERS IN THE INDUSTRIES FROM WHICH THE MEMBERS OF OUR AFFILIATES ARE DRAWN; TO ADVANCE AND MAINTAIN BETTER RELATIONS BETWEEN OUR MEMBERS AND THEIR EMPLOYERS; AND TO OTHERWISE ENRICH THE LIVES OF OUR MEMBERS AND THEIR FAMILIES, ALL OTHER WORKING MEN AND WOMEN, AND ALL MANKIND.

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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 $149,537

Investment Income $13,375

Other Revenue $474

TOTAL REVENUE $163,386

Expense Breakdown

Grants Paid $28,325

Salaries & Benefits $11,015

Fundraising Expenses $0

Other Expenses $120,102

TOTAL EXPENSES $182,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,386	$167,334	0.0%
Expenses	$182,762	$111,679	+0.6%
Net Income	$-19,376	$55,655	-1.3%

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

Governance

Voting Members

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

$11,015

Total Directors

$9,285

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY WINFORD JR	TREASURER	1.0	Officer Director	$2,825	$0	$2,825
WALTER SILVA	FINANCIAL SECRETARY	1.0	Officer Director	$2,805	$0	$2,805
NICK POPIELAK	RECORDING SECRETARY	1.0	Officer Director	$2,470	$0	$2,470
ADAM CORTEZ	PRESIDENT	1.0	Officer Director	$785	$0	$785
JOHN GOULD	TRUSTEE	1.0	Officer	$770	$0	$770
TONY KHURI	WARDEN	1.0	Officer	$560	$0	$560
SAMMY MCGUIRE	VICE PRESIDENT	1.0	Officer Director	$400	$0	$400
ERIC JONES	TRUSTEE (TERM)	1.0	Officer	$190	$0	$190
NATHAN SEASTRUNK	TRUSTEE (Term)	1.0	Officer	$130	$0	$130
MABREY TARIQ	TRUSTEE	1.0	Officer	$40	$0	$40
PATRICK NIXON	TRUSTEE	1.0	Officer	$40	$0	$40

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	$163,386	$182,762	$800,554	$-19,376
2023	$167,334	$111,679	$819,930	$55,655
2022	$155,861	$116,260	$764,275	$39,601
2021	$152,808	$91,647	$724,674	$61,161
2020	$388,323	$306,747	$663,513	$81,576
2019	$503,940	$409,432	$581,937	$94,508
2018	$469,606	$357,463	$487,429	$112,143

PAINTERS & DRYWALL FINISHERS LOCAL UNION 913