NORTHERN ILLINOIS BUILDING CONTRACTORS CONSTRUCTION INDUSTRY ADVANCEMENT FUND

EIN: 362652475

ROCKFORD, IL

Total Revenue
$701,405
Total Expenses
$536,520
Total Assets
$1,547,514
Net Assets
$1,546,967
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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
1968
Legal Domicile
IL
Principal Officer
DAVID ANSPAUGH
Phone
8152295636
Tax Period
2023-01-01 to 2023-12-31

NORTHERN ILLINOIS BUILDING CONTRACTORS CONSTRUCTION INDUSTRY ADVANCEMENT FUND, founded in 1968, is a small nonprofit that reported $701K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 24% operating margin.

Mission

OUR MISSION IS TO STRENGTHEN OUR CONSTRUCTION INDUSTRY AND THE COMMUNITIES WE SERVICE.

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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 $0
Program Service Revenue $667,286
Investment Income $33,713
Other Revenue $406
TOTAL REVENUE $701,405

Expense Breakdown

Grants Paid $5,175
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,345
Other Expenses $531,345
TOTAL EXPENSES $536,520

Year-over-Year Comparison

2023 2022 Change
Revenue $701,405 $545,546 +0.3%
Expenses $536,520 $491,182 +0.1%
Net Income $164,885 $54,364 +2.0%
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
7
Independent Members
7
Employees
N/A
Volunteers
10

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
$168,489
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ANSPAUGH EXECUTIVE DIRECTOR 15.00
Officer
$0 $20,673 $168,489
JAKE DYKSTRA TREASURER 1.00
Officer Director
$0 $0 $0
JOSEPH SCANDROLI JR PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN HEINRICH TRUSTEE 1.00
Director
$0 $0 $0
RANDY HOSTMAN TRUSTEE 1.00
Director
$0 $0 $0
CHRISTIE JARRETT TRUSTEE 1.00
Director
$0 $0 $0
BRENT JOHNSON TRUSTEE (TERMED 07.01.2023) 1.00
Director
$0 $0 $0
STEVE SCHMELING TRUSTEE 1.00
Director
$0 $0 $0
JOEL SJOSTROM TRUSTEE 1.00
Director
$0 $0 $0
ROBERT STENSTROM TRUSTEE (TERMED 07.01.2023) 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 No data No data No data No data
2023 $701,405 $536,520 $1,547,514 $164,885
2022 $545,546 $491,182 $1,382,912 $54,364
2021 $562,062 $496,135 $1,337,263 $65,927
2020 $534,543 $400,980 $1,262,820 $133,563
2019 $630,776 $491,871 $1,132,153 $138,905
2018 $740,691 $495,038 $998,251 $245,653
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