NATIONAL ACADEMY OF CONSTRUCTION

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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

2008

Legal Domicile

Principal Officer

GEORGE EDWARD GIBSON JR

Phone

5124715084

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ACADEMY OF CONSTRUCTION, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 3% surplus.

Mission

THE MISSION OF THE NATIONAL ACADEMY OF CONSTRUCTION IS RECOGNIZE AND HONOR THOSE WHO HAVE MADE OUTSTANDING, LIFE-LONG CONTRIBUTIONS TO THE CONSTRUCTION INDUSTRY. IN ADDITION, THE ACADEMY PROVIDES ITS LEADERSHIP AND EXPERTISE TO A VARIETY OF ORGANIZATIONS, GOVERNMENTAL AND NONGOVERNMENTAL, TO HELP TRANSFORM THE INDUSTRY, FOSTERING COLLABORATION, FUTURE IMPROVEMENT, AND BUILDING THE NEXT GENERATION OF LEADERS.

Program Service Accomplishments

Program 1

Expenses: $897,614 Revenue: $295,516

THE NATIONAL ACADEMY OF CONSTRUCTION CONDUCTS ONE IN-PERSON ANNUAL MEETING PER YEAR AND DURING THAT MEETING INDUCTS AND HONORS NEW MEMBERS, HOLDS A MEMBER BUSINESS MEETING, FACILITATES FACE TO FACE COMMITTEE MEETINGS AND RUNS A FUNDRAISING EVENT. IT CONDUCTS ITS OTHER BUSINESS DURING THE YEAR THROUGH VIRTUAL, MEMBER-LED TEAMS THAT CREATE PUBLICATIONS, PODCASTS AND HOLD WORKSHOPS THAT SHARE EXPERTISE AND EXPERIENCE WITH THE BROADER CONSTRUCTION INDUSTRY AND HIGHER EDUCATION.

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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 $963,615

Program Service Revenue $295,516

Investment Income $537

Other Revenue $3,765

TOTAL REVENUE $1,263,433

Expense Breakdown

Grants Paid $88,500

Salaries & Benefits $510,981

Fundraising Expenses $146,681

Program Expenses $897,614

Other Expenses $620,225

TOTAL EXPENSES $1,219,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,263,433	$1,170,475	+0.1%
Expenses	$1,219,706	$1,126,060	+0.1%
Net Income	$43,727	$44,415	0.0%

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

$485,691

Total Directors

$398,296

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILO RIVERSO	CHAIR	1.00	Director	$0	$0	$0
CHRISTINE KEVILLE	1ST VICE CHAIR	1.00	Director	$0	$0	$0
SAM SLEIMAN	2ND VICE CHAIR	1.00	Director	$0	$0	$0
SAM BAKER	GENERAL COUNSEL	1.00	Director	$0	$0	$0
MAGGI WALKER	1ST PAST CHAIR	1.00	Director	$0	$0	$0
TOM SORLEY	2ND PAST CHAIR	1.00	Director	$0	$0	$0
CAROLE BIONDA	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
WILL LICHTIG	AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
GEORGE EDWARD GIBSON JR	PRESIDENT & CEO	40.00	Officer Director	$311,384	$86,912	$398,296
SANDRA PITTMAN	SECRETARY	40.00	Officer	$69,118	$18,277	$87,395

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	$1,263,433	$1,219,706	$1,299,180	$43,727
2023	$1,170,475	$1,126,060	$1,163,809	$44,415
2022	$874,052	$973,101	$1,111,269	$-99,049
2021	$941,657	$829,272	$1,360,988	$112,385
2020	$629,861	$495,697	$1,249,682	$134,164
2019	$972,849	$853,355	$1,136,781	$119,494
2018	$694,198	$650,835	$994,216	$43,363