MARBA INDUSTRY ADVANCEMENT FUND

EIN: 367255576 Community Improvement

LANSING, MI

Total Revenue
$2,128,908
Total Expenses
$2,111,133
Total Assets
$559,753
Net Assets
$122,781
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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
1998
Legal Domicile
IL
Principal Officer
NORA A DEGNAN
Phone
5173217502
Tax Period
2024-01-01 to 2024-12-31

MARBA INDUSTRY ADVANCEMENT FUND, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024.

Mission

TO ADVANCE AND PROMOTE THE CONSTRUCTION INDUSTRY WITHIN THE MID-AMERICA REGIONAL BARGAINING ASSOCIATION

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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 $2,121,408
Investment Income $0
Other Revenue $7,500
TOTAL REVENUE $2,128,908

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,111,133
TOTAL EXPENSES $2,111,133

Year-over-Year Comparison

2024 2023 Change
Revenue $2,128,908 $2,158,446 0.0%
Expenses $2,111,133 $2,236,935 -0.1%
Net Income $17,775 $-78,489 -1.2%
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
6
Independent Members
6
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathleen Kapovich Trustee 3.00
Director
$0 $0 $0
William Vignocchi Trustee 3.00
Director
$0 $0 $0
Seth Gudeman Trustee 3.00
Director
$0 $0 $0
William Collins Trustee 3.00
Director
$0 $0 $0
Brad Grove Trustee 3.00
Director
$0 $0 $0
Nora A Degnan Trustee 3.00
Director
$0 $0 $0
LARRY ECKARDT FORMER TRUSTEE 3.00
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 $2,128,908 $2,111,133 $559,753 $17,775
2023 $2,158,446 $2,236,935 $603,436 $-78,489
2022 $1,873,723 $1,858,522 $626,563 $15,201
2021 $1,690,743 $1,667,243 $608,313 $23,500
2020 $1,592,748 $1,597,370 $436,782 $-4,622
2019 $1,834,498 $1,826,630 $548,663 $7,868
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