MASSACHUSETTS CONSTRUCTION ADVANCE… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

MIRANDA JONES

Phone

5086200055

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS CONSTRUCTION ADVANCEMENT PROGRAM, founded in 1973, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.9M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO ADDRESS INDUSTRY WIDE ISSUES AFFECTING THE MASSACHUSETTS CONTRUCTION INDUSTRY FOR THE MUTUAL BENEFIT OF PROPERTY OWNERS, THE PUBLIC, CONTRACTORS AND THEIR EMPLOYEES.

Program Service Accomplishments

Program 1

REIMBURSEMENT TO OTHER INDUSTRY ASSOCIATIONS FOR STAFF TIME AND LEGAL SERVICES DEVOTED TO MCAP PROGRAMS: BUILDING TRADES EMPLOYERS ASSOCIATION OF BOSTON AND EASTERN MASS AND ASSOCIATED GENERAL...

REIMBURSEMENT TO OTHER INDUSTRY ASSOCIATIONS FOR STAFF TIME AND LEGAL SERVICES DEVOTED TO MCAP PROGRAMS: BUILDING TRADES EMPLOYERS ASSOCIATION OF BOSTON AND EASTERN MASS AND ASSOCIATED GENERAL CONTRACTORS OF MASSACHUSETTS.

Program 2

DIRECT PROGRAM EXPENSES ASSOCIATED WITH EDUCATION, SAFETY AND OTHER INDUSTRY ISSUES. MCAP ALSO PROVIDES GRANTS TO OTHER NONPROFIT ASSOCIATIONS FOR EDUCATION AND SAFETY 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,115,322

Investment Income $102,114

Other Revenue $0

TOTAL REVENUE $2,217,436

Expense Breakdown

Grants Paid $2,656,582

Salaries & Benefits $10,800

Fundraising Expenses $0

Other Expenses $209,380

TOTAL EXPENSES $2,876,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,217,436	$2,243,420	0.0%
Expenses	$2,876,762	$2,675,701	+0.1%
Net Income	$-659,326	$-432,281	+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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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

$6,300

Total Directors

$34,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MORASH	TRUSTEE/CHAIRMAN	1.00	Officer Director	$2,000	$0	$2,000
THOMAS STEEVES	TRUSTEE/SEC TREASURER	1.00	Officer Director	$4,300	$0	$4,300
BRIAN BAYNES	TRUSTEE	1.00	Director	$2,000	$0	$2,000
RODNEY FRIAS	TRUSTEE	1.00	Director	$5,100	$0	$5,100
THOMAS GUNNING	TRUSTEE	1.00	Director	$16,600	$0	$16,600
MAUREEN KIRKPATRICK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SANCHEZ	TRUSTEE	1.00	Director	$4,600	$0	$4,600

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	No data	No data	No data	No data
2023	$2,217,436	$2,876,762	$4,673,749	$-659,326
2022	$2,243,420	$2,675,701	$4,945,770	$-432,281
2021	$2,381,897	$2,058,560	$6,185,323	$323,337
2020	$1,927,380	$1,803,190	$5,761,990	$124,190
2019	$2,297,249	$2,005,497	$5,408,403	$291,752
2018	$2,357,824	$1,874,733	$4,713,180	$483,091

MASSACHUSETTS CONSTRUCTION ADVANCEMENT PROGRAM