Chicago Painters and Decorators Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Chicago Painters and Decorators Welfare Fund is a 501(c)(9) organization based in Darien, Illinois, registered in 1955, with $62,431,458 in FY2024 revenue. CharityIndex grades it A.
8205 Cass Ave Ste 102, Darien, IL, 60561 EIN 51-0245220 Since 1955
Revenue (FY2024)
$62.4M
▲ 4.2% vs prior year
Expenses (FY2024)
$55.5M
Net assets
$82.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Chicago Painters and Decorators Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Chicago Painters and Decorators Welfare Fund: 18 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Chicago Painters and Decorators Welfare Fund: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Chicago Painters and Decorators Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide hospitalization, medical, and other related benefits to eligible members and their dependents.
Contact & location
Financial trends
Revenue grew from $57.0M (FY2013) to $62.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $976KNet assets $82.5M
Operating margin
11.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$83.4M
Total liabilities
$976K
Net assets
$82.5M
Salaries & benefits
$1.2M
2% of expenses
Board members
6
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,431,458▲4.2% | $55,512,820▼1.9% | $82,462,419▲12.5% | $83,437,931▲12.3% | 990 |
| 2023 | $59,898,965▲8.3% | $56,582,726▲14.4% | $73,308,141▲8.6% | $74,288,309▲8.3% | 990 |
| 2022 | $55,323,487▲8.1% | $49,457,094▼9.1% | $67,483,274▲149% | $68,579,830▲10.0% | 990 |
| 2021 | $51,185,585▲6.4% | $54,433,085▲6.2% | $27,054,348▼22.3% | $62,366,129▼7.8% | 990 |
| 2020 | $48,087,290▼6.3% | $51,263,305▼3.5% | $34,830,279▲2.8% | $67,624,703▼0.1% | 990 |
| 2019 | $51,304,393▼5.4% | $53,147,281▲9.9% | $33,869,151▼6.6% | $67,667,623▼3.0% | 990 |
| 2018 | $54,223,155▲11.0% | $48,352,716▼8.6% | $36,248,969▲14.7% | $69,784,489▲2.0% | 990 |
| 2017 | $48,849,926▲2.6% | $52,875,135▲9.4% | $31,611,033▼9.0% | $68,426,047▲2.4% | 990 |
| 2016 | $47,611,699▲10.8% | $48,331,182▲22.5% | $34,751,350▲4.5% | $66,818,442▲6.8% | 990 |
| 2015 | $42,952,174▲10.3% | $39,449,276▼8.3% | $33,266,802▲12.6% | $62,581,987▲6.9% | 990 |
| 2014 | $38,927,862▼31.7% | $43,012,585▲6.9% | $29,533,431▼7.4% | $58,562,903▲3.0% | 990 |
| 2013 | $57,028,809 | $40,227,913▲2.4% | $31,907,530▼65.6% | $56,845,429▼51.4% | 990 |
| 2012 | — | $39,282,530▲15.5% | $92,747,100▲12.1% | $116,913,427▲12.4% | 990 |
| 2011 | — | $34,025,190▲4.3% | $82,703,836▲9.5% | $104,013,251▲7.3% | 990 |
| 2010 | — | $32,637,201▼18.7% | $75,558,822▲14.5% | $96,971,584▲7.9% | 990 |
| 2009 | — | $40,150,684 | $65,996,841 | $89,892,483 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew Perch | Administrator | 9 | — |
| Devin Cronin | Trustee | 2 | — |
| Hugo Manzo | Trustee | 2 | — |
| Jill Hegarty | Operations Manager | 6 | — |
| Joseph Rinehart | Trustee | 2 | — |
| Ken Kazaitis | Trustee - Alternate | 2 | — |
| Miles Beatty | Trustee | 2 | — |
| Natalie Gierman | Operations Coordinator | 12 | — |
| Patricia Saenz | Claims Manager | 40 | — |
| Ramon Arambula | Trustee - Alternate | 2 | — |
| Susan Drynan | Trustee | 2 | — |
| Todd Overdorf | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Blue Cross Blue Shield | Health Care Provider | $1,272,682 |
| Arnold and Kadjan | Legal and Collection | $682,866 |
| Inetico LLC DBA Valenz Care | Health Care Provider | $482,012 |
| Foster & Foster | Actuarial Services | $161,907 |
| Zenith-american Solutions | Third Party Administrator | $154,739 |
Frequently asked questions
- Is Chicago Painters and Decorators Welfare Fund a legitimate nonprofit?
- Yes. Chicago Painters and Decorators Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 51-0245220, based in Darien, Illinois.
- What is Chicago Painters and Decorators Welfare Fund's EIN?
- Chicago Painters and Decorators Welfare Fund's Employer Identification Number (EIN) is 51-0245220.
- How much revenue does Chicago Painters and Decorators Welfare Fund report?
- Chicago Painters and Decorators Welfare Fund reported $62,431,458 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Chicago Painters and Decorators Welfare Fund have?
- CharityIndex grades Chicago Painters and Decorators Welfare Fund A, based on financial health (reserves and operating margin).
- How much does Chicago Painters and Decorators Welfare Fund's highest-paid employee make?
- The highest reported compensation on Chicago Painters and Decorators Welfare Fund's latest Form 990 is $0, paid to Andrew Perch (Administrator).
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Data for Chicago Painters and Decorators Welfare Fund (EIN 51-0245220) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.