Painting Industry Insurance Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Painting Industry Insurance Fund is a 501(c)(9) organization based in New York, New York, registered in 1948, with $147,939,446 in FY2024 revenue. CharityIndex grades it A.
45 W 14th St 5th Fl, New York, NY, 10011 EIN 13-5600369 Since 1948
Revenue (FY2024)
$147.9M
▲ 14.1% vs prior year
Expenses (FY2024)
$135.4M
Net assets
$175.6M
Employees
30
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 Painting Industry Insurance 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 rating16 mo reserves · +8% 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 Painting Industry Insurance Fund: 16 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Painting Industry Insurance Fund: 6 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 Painting Industry Insurance Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide major medical, hospital and other healthcare benefits, as well as vacation benefits to approximately 5,510 eligible participants who are members of iupat, afl-cio, district council no. 9 and its affiliated local unions.
Contact & location
Financial trends
Revenue grew from $83.2M (FY2013) to $147.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $19.3MNet assets $175.6M
Operating margin
8.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$194.9M
Total liabilities
$19.3M
Net assets
$175.6M
Salaries & benefits
$3.9M
3% of expenses
Board members
15
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $147,939,446▲14.1% | $135,398,802▲12.1% | $175,570,939▲0.8% | $194,910,927▲1.2% | 990 |
| 2023 | $129,618,111▲9.3% | $120,761,390▲6.5% | $174,161,065▲8.9% | $192,646,677▲10.2% | 990 |
| 2022 | $118,604,476▲1.1% | $113,412,293▼5.4% | $159,934,494▼6.5% | $174,883,059▼5.0% | 990 |
| 2021 | $117,293,620▲19.6% | $119,942,319▲11.7% | $171,040,864▲4.3% | $184,177,912▲3.0% | 990 |
| 2020 | $98,073,345▼18.8% | $107,371,231▼5.8% | $163,930,560▼1.3% | $178,849,078▼3.1% | 990 |
| 2019 | $120,716,136▲11.0% | $113,980,194▲13.8% | $166,014,415▲17.3% | $184,645,296▲18.0% | 990 |
| 2018 | $108,724,852▲7.9% | $100,121,649▲4.5% | $141,545,533▲4.4% | $156,420,961▲3.3% | 990 |
| 2017 | $100,774,078▲2.4% | $95,788,243▲0.3% | $135,550,882▲10.1% | $151,351,948▲8.9% | 990 |
| 2016 | $98,373,005▲9.2% | $95,527,006▲14.6% | $123,090,652▲6.8% | $139,043,525▲5.6% | 990 |
| 2015 | $90,096,242▲6.9% | $83,363,260▼1.3% | $115,249,100▲7.5% | $131,650,538▲6.8% | 990 |
| 2014 | $84,259,148▲1.3% | $84,450,292▲6.9% | $107,257,563▲4.2% | $123,319,401▲2.3% | 990 |
| 2013 | $83,192,287 | $78,984,997▲3.8% | $102,972,032▲8.4% | $120,564,215▲7.2% | 990 |
| 2012 | — | $76,095,126▼0.9% | $95,004,028▼0.4% | $112,494,776▼1.4% | 990 |
| 2011 | — | $76,778,423▲7.7% | $95,383,462▼3.1% | $114,050,213▼0.2% | 990 |
| 2010 | — | $71,315,722 | $98,395,736 | $114,267,061 | 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)
Highest-paid: Stacy Pecchia — $142,051 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Stacy Pecchia | Assistant Fund Administrat | 16 | $142,051 |
| Aurelia Ciocoi | Fund Administrator | 35 | $130,481 |
| Kevin Mcmenomy | Controller | 21 | $80,414 |
| Salvatore Savarese | Fund Employee | 16 | $69,252 |
| Kimberly Laughton | Fund Employee | 1 | $61,260 |
| Anthony Speziale | Union Trustee | 2 | — |
| Archie Erbeli | Employer Trustee (alt) | 2 | — |
| Bruce Ruinsky | Employer Trustee | 2 | — |
| Dino Erbeli | Employer Trustee | 2 | — |
| Gordon Roth | Employer Trustee (alt) | 2 | — |
| Jed Coldon | Employer Trustee | 2 | — |
| Jerome Haber | Employer Trustee | 2 | — |
| John Caruso | Employer Trustee | 2 | — |
| John Drew | Union Trustee | 2 | — |
| John Gisondi | Employer Trustee | 2 | — |
| Joseph Azzopardi | Union Trustee | 2 | — |
| Kieran Ahern | Employer Trustee | 2 | — |
| Kyle Nugent | Employer Trustee (alt) | 2 | — |
| Lee Eck | Union Trustee | 2 | — |
| Matthew Gaeta | Union Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Maganacare | Claims Administration | $1,415,127 |
| Marshall Moss LLP Payroll Compliance Ser | Payroll Compliance Reviews | $825,945 |
| Barnes Iaccarino & Shepherd Pllc | Legal Services | $348,879 |
| The Segal Company | Consulting | $310,275 |
| Empirx Health LLC | Claims Administration | $300,859 |
Frequently asked questions
- Is Painting Industry Insurance Fund a legitimate nonprofit?
- Yes. Painting Industry Insurance Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-5600369, based in New York, New York.
- What is Painting Industry Insurance Fund's EIN?
- Painting Industry Insurance Fund's Employer Identification Number (EIN) is 13-5600369.
- How much revenue does Painting Industry Insurance Fund report?
- Painting Industry Insurance Fund reported $147,939,446 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Painting Industry Insurance Fund have?
- CharityIndex grades Painting Industry Insurance Fund A, based on financial health (reserves and operating margin).
- How much does Painting Industry Insurance Fund's highest-paid employee make?
- The highest reported compensation on Painting Industry Insurance Fund's latest Form 990 is $142,051, paid to Stacy Pecchia (Assistant Fund Administrat).
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Data for Painting Industry Insurance Fund (EIN 13-5600369) 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.