RESIDENTIAL CONSTRUCTION EMPLOYERS… - 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

1967

Legal Domicile

Principal Officer

CATHERINE L KIRIN

Phone

6305120552

Tax Period

2025-01-01 to 2025-12-31

RESIDENTIAL CONSTRUCTION EMPLOYERS COUNCIL, founded in 1967, is a small nonprofit that reported $131K in total revenue in fiscal year 2025. Expenses of $192K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PROVIDE LEADERSHIP, ADVOCACY, EDUCATION, MEDIATION, RESEARCH, PROTECTION, AND DEDICATION TO THE RESIDENTIAL CONSTRUCTION INDUSTRY IN ILLINOIS.

Program Service Accomplishments

Program 1

RCEC MEETS WITH LABOR REPRESENTING THIS ORGANIZATION AND ITS MEMBERS IN THE RESIDENTIAL CONSTRUCTION INDUSTRY. THE COUNCIL HAS A REPRESENTATIVE GROUP OF MEMBERS FROM MANY DIFFERENT TRADE...

RCEC MEETS WITH LABOR REPRESENTING THIS ORGANIZATION AND ITS MEMBERS IN THE RESIDENTIAL CONSTRUCTION INDUSTRY. THE COUNCIL HAS A REPRESENTATIVE GROUP OF MEMBERS FROM MANY DIFFERENT TRADE ASSOCIATIONS. ITS PRIMARY CONCERN IS CARPENTRY, THE SINGLE MOST IMPORTANT TRADE IN RESIDENTIAL CONSTRUCTION. RCEC SERVES TO CONSOLIDATE MANAGERIAL INTERESTS AND STRIVES TO REPRESENT THE ENTIRE RESIDENTIAL CONSTRUCTION INDUSTRY DEMONSTRATING A UNITED FRONT IN THE CONSIDERATION OF LABOR MATTERS. RCEC STRIVES FOR IMPROVEMENTS IN LABOR RELATIONSHIPS.

Program 2

VARIOUS EDUCATIONAL MEETINGS AND MATERIALS INCLUDING SAFETY & OSHA SEMINARS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,873

Investment Income $16,964

Other Revenue $19,505

TOTAL REVENUE $131,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,632

Fundraising Expenses $0

Other Expenses $46,669

TOTAL EXPENSES $192,301

Year-over-Year Comparison

	2025	2024	Change
Revenue	$131,342	$127,253	+0.0%
Expenses	$192,301	$193,458	0.0%
Net Income	$-60,959	$-66,205	-0.1%

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

$136,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FOREST	PAST PRESIDE	N/A	Director	$0	$0	$0
KATHY CONNELLY	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
CATHERINE L KIRIN	EXECUTIVE VP	40.00	Officer	$124,000	$12,000	$136,000
JERRY THIEL	PRESIDENT	N/A	Officer Director	$0	$0	$0
DOMINIC MONACO	FIRST VICE P	N/A	Officer Director	$0	$0	$0
TERRANCE ROCHE	BOARD MEMBER	N/A	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
2025	$131,342	$192,301	$362,892	$-60,959
2024	$127,253	$193,458	$403,859	$-66,205
2023	$174,405	$184,623	$464,986	$-10,218
2022	$252,352	$223,675	$461,346	$28,677
2021	$251,173	$255,139	$460,594	$-3,966
2020	$303,331	$253,994	$460,008	$49,337
2019	$282,133	$262,444	$397,382	$19,689
2018	$306,569	$233,146	$373,178	$73,423

RESIDENTIAL CONSTRUCTION EMPLOYERS COUNCIL