GEORGE W GOULD CONSTRUCTION INSTITUTE INC

EIN: 043131939 501(c)(3) Education

WOBURN, MA

Total Revenue
$2,544,416
Total Expenses
$2,480,801
Total Assets
$1,500,932
Net Assets
$913,750
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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
1990
Legal Domicile
MA
Principal Officer
JULIE DESTEFANO
Phone
7812709990
Tax Period
2022-07-01 to 2023-06-30

GEORGE W GOULD CONSTRUCTION INSTITUTE INC, founded in 1990, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum.

Mission

PROVIDE CONSTRUCTION TRAINING PROGRAMS FOR THE CONSTRUCTION INDUSTRY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $489,893
Program Service Revenue $2,050,746
Investment Income $3,777
Other Revenue $0
TOTAL REVENUE $2,544,416

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,366,170
Fundraising Expenses $0
Program Expenses $1,588,009
Other Expenses $1,114,631
TOTAL EXPENSES $2,480,801

Year-over-Year Comparison

2022 2021 Change
Revenue $2,544,416 $1,581,787 +0.6%
Expenses $2,480,801 $1,772,158 +0.4%
Net Income $63,615 $-190,371 -1.3%
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
13
Independent Members
13
Employees
67
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
2
$136,654
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CRUZ TRUSTEE 0.00
Director
$0 $0 $0
VERA VADEBONCOEUR TRUSTEE/ABC CHAIRPERSON 0.00
Director
$0 $0 $0
WILLIAM BURG VICE CHAIR 0.00
Director
$0 $0 $0
DANIEL DELUCA TRUSTEE 0.00
Director
$0 $0 $0
MICHAEL PAYTON TRUSTEE 0.00
Director
$0 $0 $0
KENNETH TYBURSKI TRUSTEE 0.00
Director
$0 $0 $0
GARY GAUTHIER TRUSTEE 0.00
Director
$0 $0 $0
DREW PATALANO VICE CHAIR 0.00
Director
$0 $0 $0
DIANA HASAN ABC CHAIRMAN 0.00
Director
$0 $0 $0
GREG BEEMAN ABC PRESIDENT 0.00
Director
$0 $0 $0
LUIZA MILLS IMMEDIATE PAST CHAIR 0.00
Director
$0 $0 $0
TIM HATHAWAY CHAIRPERSON 0.00
Director
$0 $0 $0
BRIAN BISHOP TRUSTEE 0.00
Director
$0 $0 $0
JOE CAMILO ABC VICE CHAIRMAN 0.00
Director
$0 $0 $0
LORRAINE RIVERA TRUSTEE 0.00
Director
$0 $0 $0
CHARLES FALLON TRUSTEE 0.00
Director
$0 $0 $0
JULIE DESTEFANO PRESIDENT 40.00
Officer
$114,770 $21,884 $136,654
LOUIS SANNELLA TREASURER 0.00
Officer
$0 $0 $0
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 No data No data No data No data
2024 No data No data No data No data
2023 $2,544,416 $2,480,801 $1,500,932 $63,615
2022 $1,581,787 $1,772,158 $1,170,269 $-190,371
2021 $1,556,567 $1,570,052 $1,163,467 $-13,485
2020 $1,414,083 $1,395,893 $1,247,223 $18,190
2019 $1,425,773 $1,353,738 $1,154,875 $72,035
2018 $1,252,439 $1,113,580 $1,093,738 $138,859
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