MICHIANA AREA CONSTRUCTION INDUSTRY ADVANCEMENT FUND (EIN 237085579) - 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

1970

Legal Domicile

Principal Officer

DON RITSCHARD

Phone

5742897785

Tax Period

2024-01-01 to 2024-12-31

MICHIANA AREA CONSTRUCTION INDUSTRY ADVANCEMENT FUND, founded in 1970, is a small nonprofit that reported $605K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $206K, a strong 34% operating margin.

Mission

PROMOTING THE CONSTRUCTION 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $469,306

Investment Income $46,477

Other Revenue $89,428

TOTAL REVENUE $605,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,200

Fundraising Expenses $0

Program Expenses $279,389

Other Expenses $98,704

TOTAL EXPENSES $398,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$605,211	$529,552	+0.1%
Expenses	$398,904	$410,263	0.0%
Net Income	$206,307	$119,289	+0.7%

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

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

$115,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN O'BRIEN	EXECUTIVE DI	40.00	Officer	$115,539	$0	$115,539
MARK DANIELSON	TREAS/SEC	1.00	Officer Director	$0	$0	$0
MIKE FRAHN	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
DON RITSCHARD	CHAIRMAN	1.00	Officer 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
2024	$605,211	$398,904	$1,274,681	$206,307
2023	$529,552	$410,263	$1,200,596	$119,289
2022	$500,799	$390,338	$1,041,449	$110,461
2021	$413,432	$378,429	$1,040,267	$35,003
2020	$362,851	$414,204	$982,616	$-51,353
2019	$395,674	$409,304	$792,761	$-13,630
2018	$416,962	$388,308	$755,669	$28,654

MICHIANA AREA CONSTRUCTION INDUSTRY ADVANCEMENT FUND