CEMENT AND CONCRETE WORKERS SCHOLARSHIP FUND

EIN: 306082178 501(c)(3) Education

BAYSIDE, NY

Total Revenue
$446,459
Total Expenses
$352,436
Total Assets
$2,662,807
Net Assets
$2,642,274
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NY
Principal Officer
CHRISTINA MADERICH
Phone
7187626133
Tax Period
2024-01-01 to 2024-12-31

CEMENT AND CONCRETE WORKERS SCHOLARSHIP FUND, founded in 2004, is a small nonprofit in the Education sector that reported $446K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 21% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS FOR THE DEPENDENTS OF UNION MEMBERS OF THE CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL.

Program Service Accomplishments

Program 1
Expenses: $277,500 Revenue: $83,396

TO PROVIDE SCHOLARSHIPS FOR THE DEPENDENTS OF UNION MEMBERS OF THE CEMENT AND CONCRETE WORKERS DISTRICT COUNCIL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,061
Program Service Revenue $83,396
Investment Income $258,002
Other Revenue $0
TOTAL REVENUE $446,459

Expense Breakdown

Grants Paid $277,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $277,500
Other Expenses $74,936
TOTAL EXPENSES $352,436

Year-over-Year Comparison

2024 2023 Change
Revenue $446,459 $306,205 +0.5%
Expenses $352,436 $332,160 +0.1%
Net Income $94,023 $-25,955 -4.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
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
2
$396,099
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABBY KAPLAN INTERIM FUND ADMIN-THRU 7/2024 1.00
Officer
$0 $50,894 $232,577
CHRISTINA MADERICH FUND ADMINISTRATOR-EFF 5/2024 1.00
Officer
$0 $37,649 $163,522
ANGELO ANGELONE UNION TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY AMELLA UNION TRUSTEE 1.00
Director
$0 $0 $0
BRIAN DALUISE UNION TRUSTEE-EFF 5/2024 1.00
Director
$0 $0 $0
JOHN PETERS UNION TRUSTEE-THRU 5/2024 1.00
Director
$0 $0 $0
KIERAN O'SULLIVAN UNION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL SALGO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ERIC LEE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN O'BRIEN EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH MITRIONE EMPLOYER TRUSTEE 1.00
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 $446,459 $352,436 $2,662,807 $94,023
2023 $306,205 $332,160 $2,466,942 $-25,955
2022 $153,554 $313,022 $2,210,745 $-159,468
2021 $456,501 $296,245 $2,735,907 $160,256
2020 $270,930 $288,346 $2,535,108 $-17,416
2019 $359,401 $280,998 $2,387,133 $78,403
2018 $447,564 $229,868 $2,075,373 $217,696
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