HEAVY CONSTRUCTION INDUSTRY FUND (EIN 237045141) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

ROBERT WESSELS

Phone

2126873131

Tax Period

2024-01-01 to 2024-12-31

HEAVY CONSTRUCTION INDUSTRY FUND, founded in 1969, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 28% operating margin.

Mission

THE HEAVY CONSTRUCTION INDUSTRY FUND ASSISTS IN PROMOTING THE INTERESTS OF THE HEAVY CONSTRUCTION INDUSTRY AND IT'S EMPLOYEES.

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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 $4,919,522

Program Service Revenue $0

Investment Income $851,729

Other Revenue $0

TOTAL REVENUE $5,771,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,161,479

TOTAL EXPENSES $4,161,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,771,251	$4,357,094	+0.3%
Expenses	$4,161,479	$3,873,130	+0.1%
Net Income	$1,609,772	$483,964	+2.3%

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

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

$586,481

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE OTTESEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEON JACOBS	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROLANDO ACOSTA	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH DURKIN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT G WESSELS	SECRETARY/EXECUTIVE DIRECTOR	1.00	Officer	$0	$42,213	$586,481

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	$5,771,251	$4,161,479	$27,871,106	$1,609,772
2023	$4,357,094	$3,873,130	$25,442,157	$483,964
2022	$4,569,952	$3,846,701	$23,284,401	$723,251
2021	$4,942,939	$3,441,102	$24,457,135	$1,501,837
2020	$4,962,164	$3,652,624	$22,528,541	$1,309,540
2019	$5,731,846	$5,283,647	$20,874,488	$448,199
2018	$5,084,522	$4,227,317	$19,676,090	$857,205

HEAVY CONSTRUCTION INDUSTRY FUND