BUILDING INDUSTRY FUND

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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

1982

Legal Domicile

Principal Officer

FRANK RAPPO

Phone

6315677603

Tax Period

2024-07-01 to 2025-06-30

BUILDING INDUSTRY FUND, founded in 1982, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $517K, a strong 26% operating margin.

Mission

TO PROVIDE LEGAL REPRESENTATION FOR CONTRACTOR MEMBERS TO PROMOTE THE ADVANCEMENT AND DEVELOPMENT OF THE ELECTRICAL AND CONSTRUCTION INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $1,437,644 Revenue: $1,778,227

TO PROVIDE LEGAL REPRESENTATION FOR CONTRACTOR MEMBERS TO PROMOTE THE ADVANCEMENT AND DEVELOPMENT OF THE ELECTRICAL AND CONSTRUCTION INDUSTRIES.

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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 $1,768,681

Investment Income $176,670

Other Revenue $9,546

TOTAL REVENUE $1,954,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,437,644

Other Expenses $1,437,644

TOTAL EXPENSES $1,437,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,954,897	$1,565,899	+0.2%
Expenses	$1,437,644	$1,311,934	+0.1%
Net Income	$517,253	$253,965	+1.0%

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

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
EUGENE IOVINE JR	TRUSTEE	5.00	Director	$0	$0	$0
FRANK RAPPO	CHAIRMAN TRUSTEE	5.00	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
2025	$1,954,897	$1,437,644	$5,633,325	$517,253
2020	$1,466,196	$866,270	$4,439,137	$599,926
2019	$1,306,925	$871,601	$3,839,211	$435,324
2018	$1,344,243	$828,970	$3,403,887	$515,273