NEW JERSEY CHAPTER AMERICAN CONCRETE INSTITUTE

EIN: 222951816 501(c)(3) Community Improvement

JERSEY CITY, NJ

Total Revenue
$629,507
Total Expenses
$545,778
Total Assets
$2,570,776
Net Assets
$2,570,776
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NJ
Principal Officer
BHAVIKKUMAR SHAH
Phone
7329401803
Tax Period
2024-01-01 to 2024-12-31

NEW JERSEY CHAPTER AMERICAN CONCRETE INSTITUTE, founded in 1963, is a small nonprofit in the Community Improvement sector that reported $630K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $546K left a modest 13% surplus.

Mission

THE ORGANIZATION PROVIDES EDUCATION PROGRAMS FOR CERTIFICATION OF CONTRACTORS. THE PROCEEDS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS IN ORDER TO ADVANCE THEIR CAREERS.

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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 $3,111
Program Service Revenue $74,428
Investment Income $58,858
Other Revenue $493,110
TOTAL REVENUE $629,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $270,298
Fundraising Expenses $0
Program Expenses $499,029
Other Expenses $275,480
TOTAL EXPENSES $545,778

Year-over-Year Comparison

2024 2023 Change
Revenue $629,507 $777,543 -0.2%
Expenses $545,778 $602,872 -0.1%
Net Income $83,729 $174,671 -0.5%
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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Governance

Voting Members
15
Independent Members
10
Employees
2
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
7
$261,662
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BHAVIKKUMAR SHAH PRESIDENT 5.00
Officer Director
$0 $0 $0
JOE TEDESCO PAST PRESIDENT/ DIRECTOR 5.00
Officer Director
$0 $0 $0
MOHAMED MAHGOUB DIRECTOR 5.00
Director
$0 $0 $0
MARK WIERCISZEWSKI DIRECTOR 5.00
Director
$0 $0 $0
ANDREW RUSH DIRECTOR 5.00
Director
$0 $0 $0
ED PANUSKA DIRECTOR 5.00
Director
$0 $0 $0
SHERIF GIRGIS DIRECTOR 5.00
Director
$0 $0 $0
HANI NASSIF DIRECTOR 5.00
Director
$0 $0 $0
JIM RIZZO DIRECTOR 5.00
Director
$0 $0 $0
ZACH RICH DIRECTOR 5.00
Director
$0 $0 $0
EMILY RICH FORMER EXEC. DIRECTOR 40.00
Officer
$17,631 $0 $17,631
DANIEL WEBBER EXEC. DIRECTOR 40.00
Officer
$81,231 $0 $81,231
DAVID POTTS VICE PRESIDENT 5.00
Officer
$2,850 $0 $2,850
CASIMIR BOGNACKI TREASURER 5.00
Officer
$148,550 $0 $148,550
COLIN REED DIRECTOR 5.00
Officer
$11,400 $0 $11,400
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 $629,507 $545,778 $2,570,776 $83,729
2023 $777,543 $602,872 $2,296,853 $174,671
2022 $579,313 $484,359 $1,824,568 $94,954
2021 $534,191 $419,006 $2,127,655 $115,185
2020 $437,687 $408,886 $1,737,947 $28,801
2019 $518,420 $456,888 $1,493,249 $61,532
2018 $493,157 $507,230 $1,184,052 $-14,073
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