International Brotherhood of Painters 741

EIN: 940748039

Vallejo, CA

Total Revenue
$176,519
Total Expenses
$185,290
Total Assets
$497,560
Net Assets
$497,560
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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
1920
Legal Domicile
CA
Principal Officer
GARY SPRAGUE
Phone
7076442249
Tax Period
2024-01-01 to 2024-12-31

International Brotherhood of Painters 741, founded in 1920, is a small nonprofit that reported $177K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $498K represent 34 months of operating reserves.

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $158,126
Investment Income $2,752
Other Revenue $15,641
TOTAL REVENUE $176,519

Expense Breakdown

Grants Paid $70,406
Salaries & Benefits $11,900
Fundraising Expenses $0
Other Expenses $102,984
TOTAL EXPENSES $185,290

Year-over-Year Comparison

2024 2023 Change
Revenue $176,519 $211,168 -0.2%
Expenses $185,290 $168,689 +0.1%
Net Income $-8,771 $42,479 -1.2%
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

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Governance

Voting Members
6
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
8
$11,900
Total Directors
6
$9,950
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS FALLON RECORDING SECRETARY 1.0
Officer Director
$2,880 $0 $2,880
GARTH FORSBERG VICE PRESIDENT 1.0
Officer Director
$2,500 $0 $2,500
GARY SPRAGUE PRESIDENT 1.0
Officer Director
$1,650 $0 $1,650
HERBERT ZELAYA FINANCIAL SECRETARY 1.0
Officer Director
$1,200 $0 $1,200
DALE MESSER TRUSTEE 1.0
Officer
$1,125 $0 $1,125
TONY WIGGS TREASURER 1.0
Officer Director
$1,000 $0 $1,000
GILBERT DWIGHT TRUSTEE 1.0
Officer
$825 $0 $825
THOMAS MELVILLE WARDEN 1.0
Officer Director
$720 $0 $720
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 $176,519 $185,290 $497,560 $-8,771
2023 $211,168 $168,689 $508,878 $42,479
2022 $132,537 $121,546 $466,399 $10,991
2021 $118,918 $76,542 $455,408 $42,376
2020 $353,903 $270,948 $413,032 $82,955
2019 $399,072 $388,488 $330,077 $10,584
2018 $388,881 $351,005 $319,493 $37,876
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