Rhode Island Construction Industry Advancement Fund (EIN 056052140) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Principal Officer

Edward Burman

Phone

4014541990

Tax Period

2023-01-01 to 2023-12-31

Rhode Island Construction Industry Advancement Fund is a small nonprofit that reported $748K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $2.4M represent 38 months of operating reserves.

Mission

Advance construction industry programs and to promote employee safety, collective bargaining techniques, public relations, market development programs, and similar industry-wide ventures relating to the construction industry.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $559,801

Investment Income $188,576

Other Revenue $0

TOTAL REVENUE $748,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $748,032

TOTAL EXPENSES $748,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$748,377	$581,788	+0.3%
Expenses	$748,032	$626,649	+0.2%
Net Income	$345	$-44,861	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Trojan	Trustee	1.00	Director	$0	$0	$0
Edward Burman	Trustee/Trea	2.00	Officer Director	$0	$0	$0
Bruce Iannuccillo	Trustee	1.00	Director	$0	$0	$0
Armand Lusi	Trustee/Chairma	1.00	Officer Director	$0	$0	$0
Joseph Siddall	Trustee	2.00	Director	$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
2024	No data	No data	No data	No data
2023	$748,377	$748,032	$2,470,085	$345
2022	$581,788	$626,649	$2,224,866	$-44,861
2021	$660,891	$626,754	$2,791,869	$34,137
2020	$521,416	$448,548	$2,612,917	$72,868
2019	$718,742	$800,530	$2,221,095	$-81,788
2018	$671,458	$646,612	$1,977,510	$24,846

Rhode Island Construction Industry Advancement Fund