CONSTRUCTION ADVANCEMENT FOUNDATION OF NORTHWEST INDIANA INC (EIN 261953297) - 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

2006

Legal Domicile

Principal Officer

DEWEY PEARMAN

Phone

2197642883

Tax Period

2023-09-01 to 2024-08-31

CONSTRUCTION ADVANCEMENT FOUNDATION OF NORTHWEST INDIANA INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $376K, a strong 20% operating margin.

Mission

THE FOUNDATION'S PURPOSE IS TO PROMOTE, IMPROVE, AND ADVANCE THE CONSTRUCTION CONTRACTING INDUSTRY IN NORTHWEST INDIANA. AMONG OTHER ACTIVITIES, THE FOUNDATION IS ACTIVE IN ENCOURAGING THE EMPLOYMENT OF ETHICAL PRACTICES, IMPROVED TECHNOLOGY, PROPER LAND USE, INCREASED EFFICIENCY, APPRENTICESHIP TRAINING, ADVANCED SKILL TRAINING, SAFETY EDUCATION, ACCIDENT PREVENTION, AND IMPROVING COOPERATION AND UNDERSTANDING BETWEEN CONTRACTORS AND OTHER PROFESSIONS AND ORGANIZATIONS DIRECTLY INVOLVED IN 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 (2023)

Revenue Breakdown

Contributions & Grants $56,253

Program Service Revenue $1,696,965

Investment Income $65,692

Other Revenue $58,077

TOTAL REVENUE $1,876,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $949,102

Fundraising Expenses $0

Program Expenses $1,012,277

Other Expenses $551,551

TOTAL EXPENSES $1,500,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,876,987	$1,676,461	+0.1%
Expenses	$1,500,653	$1,446,974	+0.0%
Net Income	$376,334	$229,487	+0.6%

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

$275,710

Total Directors

Key Employees

$218,934

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE KENESON	DIRECTOR	0.00	Director	$0	$0	$0
GARY KEBERT	DIRECTOR	0.00	Director	$0	$0	$0
JIM FAROH	CHAIRMAN	0.00	Officer Director	$0	$0	$0
ALEX LULINSKI	DIRECTOR	0.00	Director	$0	$0	$0
ED KOCSIS	DIRECTOR	0.00	Director	$0	$0	$0
SAM TIPTON	DIRECTOR	0.00	Director	$0	$0	$0
KURT SCHMIEGEL	DIRECTOR	0.00	Director	$0	$0	$0
MATTHEW GARIUP	DIRECTOR	0.00	Director	$0	$0	$0
JEFF SWAN	DIRECTOR	0.00	Director	$0	$0	$0
MARK GRIMMER	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM HASSE III	DIRECTOR	0.00	Director	$0	$0	$0
DOUGLAS ROBINSON	DIRECTOR	0.00	Director	$0	$0	$0
NICK LARSON	VICE-CHAIRMAN	0.00	Officer Director	$0	$0	$0
MARK STERN	DIRECTOR	0.00	Director	$0	$0	$0
ANTHONY PANGERE	DIRECTOR	0.00	Director	$0	$0	$0
CLAUDE POWERS	DIRECTOR	0.00	Director	$0	$0	$0
DAN SOPCZAK	DIRECTOR	0.00	Director	$0	$0	$0
JOHN WYSOCKEY	DIRECTOR	0.00	Director	$0	$0	$0
JOE COAR	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
SCOTT VIDIMOS	DIRECTOR	0.00	Director	$0	$0	$0
DEWEY PEARMAN	EXECUTIVE DIRECTOR	40.00	Officer	$230,610	$45,100	$275,710
JAMES ARENDAS	SAFETY DIRECTOR	40.00	Key Emp	$174,409	$44,525	$218,934

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	$1,876,987	$1,500,653	$5,070,280	$376,334
2023	$1,676,461	$1,446,974	$4,469,868	$229,487
2022	$1,445,050	$1,299,374	$4,115,994	$145,676
2021	$1,176,803	$1,196,380	$4,430,111	$-19,577
2020	$1,046,651	$1,245,060	$4,233,717	$-198,409
2019	$1,289,615	$1,239,783	$4,202,888	$49,832
2018	$1,264,147	$1,202,110	$4,239,040	$62,037

CONSTRUCTION ADVANCEMENT FOUNDATION OF NORTHWEST INDIANA INC