HEAVY CONSTRUCTION INDUSTRY PROMOTIONAL FUND

EIN: 112477226

MELVILLE, NY

Total Revenue
$1,493,628
Total Expenses
$825,091
Total Assets
$6,001,052
Net Assets
$5,848,842
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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
NY
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

THE ORGANIZATION'S PRIMARY PROGRAM IS PUBLIC RELATIONS SO THE FUND MAY HELP DEVELOP AND INCREASE PUBLIC DEMAND AS TO MAINTAINING JOB OPPORTUNITIES AND CONTINUED BUSINESS ACTIVITIES IN THE CONSTRUCTION INDUSTRY.

Program Service Accomplishments

Program 1

PUBLIC RELATIONS-TO DEVELOP AND INCREASE PUBLIC DEMAND 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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$518,798
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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