RI HEAVY & HIGHWAY CONSTRUCTION INDUSTRY ADVANCEMENT FUND (EIN 056052134) - 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

1974

Legal Domicile

Principal Officer

MICHAEL D D'AMBRA

Phone

4017388530

Tax Period

2024-01-01 to 2024-12-31

RI HEAVY & HIGHWAY CONSTRUCTION INDUSTRY ADVANCEMENT FUND, founded in 1974, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $260K, a strong 26% operating margin.

Mission

TO ADVANCE CONSTRUCTION INDUSTRY PROGRAMS AND TO PROMOTE EMPLOYEE SAFETY, COLLECTIVE BARGAINING TECHNIQUES, PUBLIC RELATIONS PROGRAMS, MARKET DEVELOPMENT PROGRAMS AND SIMILAR INDUSTRY WIDE VENTURES PERTAINING TO 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $956,684

Investment Income $33,146

Other Revenue $18,032

TOTAL REVENUE $1,007,862

Expense Breakdown

Grants Paid $82,500

Salaries & Benefits $233,661

Fundraising Expenses $0

Program Expenses $477,070

Other Expenses $431,673

TOTAL EXPENSES $747,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,007,862	$932,119	+0.1%
Expenses	$747,834	$746,776	+0.0%
Net Income	$260,028	$185,343	+0.4%

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

Employees

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

$156,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D D'AMBRA	PRESIDENT	5.00	Officer Director	$0	$0	$0
DUSTIN EVERSON	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID LYNCH	FIRST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN ROCCHIO	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFFREY BOSTOCK	SECOND VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ERNEST CARLUCCI	EXECUTIVE DIRECTOR	40.00	Officer	$156,000	$0	$156,000

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
2024	$1,007,862	$747,834	$1,392,207	$260,028
2023	$932,119	$746,776	$1,134,993	$185,343
2022	$836,629	$674,433	$921,531	$162,196
2021	$777,027	$864,401	$750,356	$-87,374
2020	$792,282	$652,722	$839,720	$139,560

RI HEAVY & HIGHWAY CONSTRUCTION INDUSTRY ADVANCEMENT FUND