BUILDING INDUSTRY FUND

EIN: 116297986

HOLTSVILLE, NY

Total Revenue
$1,954,897
Total Expenses
$1,437,644
Total Assets
$5,633,325
Net Assets
$5,633,325
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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
NY
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.

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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 (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

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Governance

Voting Members
2
Independent Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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