CEMENT LEAGUE ADVANCEMENT AND PROMOTION FUND

EIN: 133096060

NEW YORK, NY

Total Revenue
$780,997
Total Expenses
$1,221,311
Total Assets
$13,164,247
Net Assets
$13,041,756
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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
1981
Legal Domicile
NY
Principal Officer
MICHAEL SALGO
Phone
2125750950
Tax Period
2023-07-01 to 2024-06-30

CEMENT LEAGUE ADVANCEMENT AND PROMOTION FUND, founded in 1981, is a small nonprofit that reported $781K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 56% operating deficit.

Mission

TO PROMOTE THE INDUSTRY IN THE REGION AS WELL AS TO CREATE HARMONY WITH REFERENCE TO JURISDITION DISPUTES.

Program Service Accomplishments

Program 1
Expenses: $582,626 Revenue: $780,997

PROMOTING THE USE AND ADVANCEMENT OF THE CONCRETE INDUSTRY.

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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 $0
Program Service Revenue $493,464
Investment Income $287,533
Other Revenue $0
TOTAL REVENUE $780,997

Expense Breakdown

Grants Paid $0
Salaries & Benefits $857,909
Fundraising Expenses $0
Program Expenses $582,626
Other Expenses $363,402
TOTAL EXPENSES $1,221,311

Year-over-Year Comparison

2023 2022 Change
Revenue $780,997 $806,769 0.0%
Expenses $1,221,311 $1,168,590 +0.0%
Net Income $-440,314 $-361,821 +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
4
Independent Members
2
Employees
4
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
2
$731,116
Total Directors
4
$731,116
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SALGO DIRECTOR 34.00
Officer Director
$501,500 $0 $501,500
KEVIN O'BRIEN DIRECTOR 34.00
Officer Director
$229,616 $0 $229,616
JOSEPH MITRIONE TRUSTEE ( REFER TO SCHEDUL 4.00
Director
$0 $0 $0
THOMAS COSTIGAN TRUSTEE 4.00
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 No data No data No data No data
2024 $780,997 $1,221,311 $13,164,247 $-440,314
2023 $806,769 $1,168,590 $11,889,455 $-361,821
2022 $2,775,844 $1,121,458 $11,326,548 $1,654,386
2021 $1,631,507 $1,101,452 $13,073,931 $530,055
2020 $1,138,336 $1,123,194 $11,656,526 $15,142
2019 $1,986,598 $1,133,031 $11,164,710 $853,567
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