HEAVY CONSTRUCTION INDUSTRY PROMOTIONAL FUND (EIN 112477226) - 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

1978

Legal Domicile

Principal Officer

MARC HERBST

Phone

6312315422

Tax Period

2023-01-01 to 2023-12-31

HEAVY CONSTRUCTION INDUSTRY PROMOTIONAL FUND, founded in 1978, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $669K, a strong 45% operating margin.

Mission

TO DEVELOP AND INCREASE PUBLIC DEMAND SO AS TO MAINTAIN JOB OPPORTUNITIES AND CONTINUED BUSINESS ACTIVITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,462,285

Program Service Revenue $0

Investment Income $31,343

Other Revenue $0

TOTAL REVENUE $1,493,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,738

Fundraising Expenses $0

Other Expenses $324,353

TOTAL EXPENSES $825,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,493,628	$1,283,648	+0.2%
Expenses	$825,091	$710,340	+0.2%
Net Income	$668,537	$573,308	+0.2%

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

N/A

Volunteers

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

$518,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PRATT III	CHAIRMAN	0.25	Officer Director	$0	$0	$0
PAUL FARINO	SECRETARY & TREASURER	0.25	Officer Director	$0	$0	$0
PHILLIP BEYER	DIRECTOR	0.25	Director	$0	$0	$0
JASON GOLDEN	DIRECTOR	0.25	Director	$0	$0	$0
JAMES HANEY III	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM HAUGLAND JR	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH K POSILLICO	DIRECTOR	0.25	Director	$0	$0	$0
PETER SCALAMANDRE	DIRECTOR	0.25	Director	$0	$0	$0
SAMANTHA RUTTURA	DIRECTOR	0.25	Director	$0	$0	$0
MARC HERBST	EXECUTIVE DIRECTOR	20.00	Officer	$143,804	$82,636	$370,244
SHERYL BURO	DEPUTY EXECUTIVE DIRECTOR/	30.00	Officer	$74,956	$48,613	$148,554

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	$1,493,628	$825,091	$6,001,052	$668,537
2022	$1,283,648	$710,340	$5,376,244	$573,308
2021	$1,071,612	$634,481	$4,649,755	$437,131
2020	$1,162,717	$600,469	$4,215,576	$562,248
2019	$1,145,431	$635,776	$3,660,551	$509,655
2018	$812,828	$476,221	$3,106,617	$336,607

HEAVY CONSTRUCTION INDUSTRY PROMOTIONAL FUND