Associated Construction Contractors of NJ Industry Advancement Trust (EIN 237171667) - 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

1972

Legal Domicile

Principal Officer

JACOB P KOCSIS

Phone

7322252265

Tax Period

2024-01-01 to 2024-12-31

Associated Construction Contractors of NJ Industry Advancement Trust, founded in 1972, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $794K, a strong 19% operating margin.

Mission

TO PROMOTE UNION CONSTRUCTION IN NEW JERSEY THROUGH EDUCATION AND TRAINING.

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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 $3,278,197

Program Service Revenue $0

Investment Income $831,942

Other Revenue $0

TOTAL REVENUE $4,110,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,290,895

Other Expenses $3,315,895

TOTAL EXPENSES $3,315,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,110,139	$3,657,141	+0.1%
Expenses	$3,315,895	$3,318,262	0.0%
Net Income	$794,244	$338,879	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HALL	CHAIRMAN	001.00	Director	$0	$0	$0
CLIFFORD BLANCHARD	TRUSTEE	001.00	Director	$0	$0	$0
ERIC JENSEN	TREASURER	001.00	Director	$0	$0	$0
BEN TORCIVIA JR	TRUSTEE	001.00	Director	$0	$0	$0
J FLETCHER CREAMER	TRUSTEE	001.00	Director	$0	$0	$0
ALFONSO DALOISIO	TRUSTEE	001.00	Director	$0	$0	$0
JEFF WATERS	TRUSTEE	001.00	Director	$0	$0	$0
ROBERT POLISANO	TRUSTEE	001.00	Director	$0	$0	$0
JACOB KOCSIS	CEO	020.00	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	$4,110,139	$3,315,895	$8,437,498	$794,244
2023	$3,657,141	$3,318,262	$7,862,240	$338,879
2022	$3,470,510	$2,851,904	$7,027,831	$618,606
2021	$3,647,260	$2,775,265	$7,522,325	$871,995
2020	$4,339,972	$2,843,173	$6,523,039	$1,496,799
2019	$2,976,452	$2,721,621	$4,666,873	$254,831
2018	$2,876,133	$2,423,639	$3,983,905	$452,494

Associated Construction Contractors of NJ Industry Advancement Trust