THE ASSOCIATED GENERAL CONTRACTORS INDUSTRY ADVANCEMENT FUND

EIN: 320607967 Employment

SPRINGFIELD, IL

Total Revenue
$1,716,659
Total Expenses
$984,740
Total Assets
$3,224,587
Net Assets
$2,688,738
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IL
Principal Officer
BILL FREY
Phone
2177892650
Tax Period
2024-11-01 to 2025-10-31

THE ASSOCIATED GENERAL CONTRACTORS INDUSTRY ADVANCEMENT FUND, founded in 2019, is a community nonprofit in the Employment sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $732K, a strong 43% operating margin.

Mission

PRIMARY PURPOSE IS THE ADVANCEMENT OF HEAVY HIGHWAY INDUSTRY IN THE STATE OF ILLINOIS.

Program Service Accomplishments

Program 1

IMPROVEMENT OF LEGISLATIVE AND GOVERNMENTAL AFFAIRS, INDUSTRY WIDE JOB SECURITY, LABOR RELATIONS, AND OTHER TECHNICAL SERVICES FOR THE HEAVY HIGHWAY INDUSTRY IN ILLINOIS.

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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 $0
Program Service Revenue $1,667,265
Investment Income $49,394
Other Revenue $0
TOTAL REVENUE $1,716,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $984,740
TOTAL EXPENSES $984,740

Year-over-Year Comparison

2024 2023 Change
Revenue $1,716,659 $1,461,608 +0.2%
Expenses $984,740 $1,157,444 -0.1%
Net Income $731,919 $304,164 +1.4%
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

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Governance

Voting Members
4
Independent Members
4
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
3
$245,142
Total Directors
4
$245,142
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT REYHAN PRESIDENT 5.00
Officer Director
$0 $0 $0
BECK SIMONDS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MATT DECAP TREASURER 1.00
Director
$0 $0 $0
WILLIAM FREY EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $17,027 $245,142
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
2025 $1,716,659 $984,740 $3,224,587 $731,919
2024 $1,461,608 $1,157,444 $2,097,073 $304,164
2023 $1,264,647 $1,194,998 $1,544,663 $69,649
2022 $1,219,895 $872,919 $1,536,649 $346,976
2021 $1,152,339 $733,611 $1,132,140 $418,728
2020 $1,313,896 $749,830 $817,773 $564,066
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