INTERNATIONAL BROTHERHOOD OF PAINTERS & ALLIED TRADES LOCAL 376 (EIN 940925639) - 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

1901

Legal Domicile

Principal Officer

ERIC BASSI

Phone

7076442249

Tax Period

2024-08-01 to 2025-07-31

INTERNATIONAL BROTHERHOOD OF PAINTERS & ALLIED TRADES LOCAL 376, founded in 1901, is a small nonprofit that reported $121K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 48% 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 $91,760

Investment Income $28,885

Other Revenue $0

TOTAL REVENUE $120,645

Expense Breakdown

Grants Paid $75,820

Salaries & Benefits $17,844

Fundraising Expenses $0

Other Expenses $85,226

TOTAL EXPENSES $178,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,645	$159,629	-0.2%
Expenses	$178,890	$138,363	+0.3%
Net Income	$-58,245	$21,266	-3.7%

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

$11,760

Total Directors

$8,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darion PITTMAN	TREASURER	1.0	Officer Director	$2,900	$0	$2,900
ERIC BASSI	PRESIDENT	1.0	Officer Director	$1,440	$0	$1,440
ROBERT MYERS	FINANCIAL SECRETARY	1.0	Officer Director	$1,320	$0	$1,320
WILLIAM WALKER	RECORDING SECRETARY	1.0	Officer Director	$1,200	$0	$1,200
RODNEY RITTER	WARDEN	1.0	Officer	$1,200	$0	$1,200
GARY MILLER	VICE PRESIDENT	1.0	Officer Director	$1,100	$0	$1,100
JOSE CUEVAS	TRUSTEE	1.0	Officer	$1,100	$0	$1,100
RICHARD ALSIP	TRUSTEE	1.0	Officer	$900	$0	$900
LUIS SIGNOR	TRUSTEE	1.0	Officer Director	$600	$0	$600

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	$120,645	$178,890	$456,574	$-58,245
2024	$159,629	$138,363	$527,221	$21,266
2023	$78,190	$124,457	$484,562	$-46,267
2022	$132,347	$90,993	$505,748	$41,354
2021	$167,335	$84,813	$540,023	$82,522
2020	$168,028	$173,290	$392,758	$-5,262
2019	$213,690	$199,349	$371,670	$14,341

INTERNATIONAL BROTHERHOOD OF PAINTERS & ALLIED TRADES LOCAL 376