CONCRETE REINFORCING STEEL INSTITUTE

EIN: 360940990

SCHAUMBURG, IL

Total Revenue
$4,974,223
Total Expenses
$5,243,889
Total Assets
$5,184,538
Net Assets
$4,853,635
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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
1924
Legal Domicile
IL
Principal Officer
BRAD COTTRELL
Phone
8475171200
Tax Period
2023-01-01 to 2023-12-31

CONCRETE REINFORCING STEEL INSTITUTE, founded in 1924, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND INCREASE THE USE OF STEEL REINFORCED CONCRETE CONSTRUCTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $4,381,328
Investment Income $103,689
Other Revenue $439,206
TOTAL REVENUE $4,974,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,817,087
Fundraising Expenses $0
Other Expenses $2,426,802
TOTAL EXPENSES $5,243,889

Year-over-Year Comparison

2023 2022 Change
Revenue $4,974,223 $4,807,530 +0.0%
Expenses $5,243,889 $4,752,432 +0.1%
Net Income $-269,666 $55,098 -5.9%
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
20
Independent Members
20
Employees
18
Volunteers
255

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
5
$326,246
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COTTRELL BRAD CHAIRMAN 1.50
Officer Director
$0 $0 $0
SIMMET ADAM VICE-CHAIRMAN 1.50
Officer Director
$0 $0 $0
HENNINGS BETHANY SECRETARY/TREASURER 1.50
Officer Director
$0 $0 $0
ESTEP JEFF PAST CHAIRMAN 1.50
Officer Director
$0 $0 $0
ANAYA JUANA DIRECTOR 0.75
Director
$0 $0 $0
BELLAND ANDRE DIRECTOR 0.75
Director
$0 $0 $0
BODILY MICAH DIRECTOR 0.75
Director
$0 $0 $0
BRACK WILLIAM DIRECTOR 0.75
Director
$0 $0 $0
COLARUSSO LOUIS DIRECTOR 0.75
Director
$0 $0 $0
COUTURIER BILL DIRECTOR 0.75
Director
$0 $0 $0
DAILEY ROB DIRECTOR 0.75
Director
$0 $0 $0
FAIRCLOTH ROB DIRECTOR 0.75
Director
$0 $0 $0
JOHNSON ERIK DIRECTOR 0.75
Director
$0 $0 $0
JOHNSON RONNIE DIRECTOR 0.75
Director
$0 $0 $0
MCCLEAN ROBERT DIRECTOR 0.75
Director
$0 $0 $0
MCCORNACK SCOTT DIRECTOR 0.75
Director
$0 $0 $0
MCMANUS EUGENE DIRECTOR 0.75
Director
$0 $0 $0
PETERS SPENCE DIRECTOR 0.75
Director
$0 $0 $0
SAYERS CARRIE DIRECTOR 0.75
Director
$0 $0 $0
SCHEWE MATTHEW DIRECTOR 0.75
Director
$0 $0 $0
BARNEY DON DIRECTOR (TERM'D IN 2023) 0.25
Director
$0 $0 $0
CORNELL KEVIN TERM'D IN 2023 DIRECTOR (TERM'D IN 2023) 0.25
Director
$0 $0 $0
JONES LAYNE DIRECTOR (TERM'D IN 2023) 0.25
Director
$0 $0 $0
PEERY DEAN DIRECTOR (TERM'D IN 2023) 0.25
Director
$0 $0 $0
LANCIAL MARTY DIRECTOR (TERM'D IN 2023) 0.25
Director
$0 $0 $0
KLEINHANS DANIELLE STAFF LIASON / PRESIDENT 37.00
Officer
$306,478 $19,768 $326,246
FOSNOUGH PETE EIG MANAGING DIRECTOR 40.00
Highest
$209,699 $11,916 $221,615
TRYGESTAD AMY DIRECTOR OF CODES & STANDA 40.00
Highest
$207,099 $11,760 $218,859
FANELLA DAVID SENIOR DIRECTOR OF ENGINEE 40.00
Highest
$160,377 $42,709 $203,086
CHIAPPONE MIKE CONTROLLER 40.00
Highest
$153,267 $26,534 $179,801
KINCHLER ROBERT REGION MANAGER 40.00
Highest
$152,099 $8,460 $160,559
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 $4,974,223 $5,243,889 $5,184,538 $-269,666
2022 $4,807,530 $4,752,432 $5,159,382 $55,098
2021 $4,593,584 $4,073,211 $5,484,818 $520,373
2020 $4,305,447 $3,530,241 $5,350,106 $775,206
2019 $5,182,636 $4,361,572 $4,606,194 $821,064
2018 $4,976,984 $4,482,957 $3,827,798 $494,027
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