Painter and Meadows led Hodgkinson to Olympic silver as a teenager on her Games debut in Tokyo three years ago, before the Leigh athlete won consecutive world silvers in 2022 and 2023.
She followed that up with Olympic gold by dominating the final and delivering the gold she and her team had been working towards.
The joint award was presented to Painter and Meadows by London 2012 Olympic heptathlon champion Jessica Ennis-Hill and Kelly Holmes – winner of 800m and 1500m gold at Athens 2004.
While Hodgkinson won Olympic gold, team-mate Bell also stood on the podium in Paris.
Bell quit athletics in 2017 and was still holding down a full-time job at the start of this year.
But after reuniting with Painter three years ago, the 31-year-old achieved a fairytale 1500m bronze on her Olympic debut following European silver in June.
Davey, meanwhile, is now a three-time global relay medallist at 24 after adding bronze in Paris to two medals at last year’s World Championships.
There is a World Championships in Tokyo to target in 2025, where Painter and Meadows will hope to guide their athletes to further international success.
Last year, football manager Pep Guardiola was named Coach of the Year as his Treble-winning Manchester City side won Team of the Year.