CONSTRUCTION UPDATE PLAN ROOM NETW… - 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

1912

Legal Domicile

Principal Officer

CHAD KLEPPE

Phone

5156574397

Tax Period

2023-11-01 to 2024-10-31

CONSTRUCTION UPDATE PLAN ROOM NETWORK, founded in 1912, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $1.4M, a strong 99% operating margin.

Mission

TO DISSEMINATE CONSTRUCTION INDUSTRY INFORMATION FOR THE BENEFIT OF ITS MEMBERS AND THE CONSTRUCTION INDUSTRY, INCLUDING PUBLIC PROJECTS AVAILABLE FOR BID, PLANS FOR PROJECTS, AND ANY OTHER INFORMATION THAT MAY AFFECT THE CONSTRUCTION INDUSTRY.

Program Service Accomplishments

Program 1

THE CONSTRUCTION UPDATE PLAN ROOM NETWORK PROVIDES 24 HOUR/365 DAY ACCESS TO PROJECT INFORMATION. CUPRN SERVES IOWA, NEBRASKA, AND SELECTED AREAS OF NEARBY STATES WITH PROMPT, CURRENT BIDDING...

THE CONSTRUCTION UPDATE PLAN ROOM NETWORK PROVIDES 24 HOUR/365 DAY ACCESS TO PROJECT INFORMATION. CUPRN SERVES IOWA, NEBRASKA, AND SELECTED AREAS OF NEARBY STATES WITH PROMPT, CURRENT BIDDING INFORMATION AND PLAN ROOM SERVICES.1,500+ COMPANIES ARE CURRENTLY RELYING ON THE CU NETWORK FOR FAST AND ACCURATE BIDDING COVERAGE AND PLAN DOCUMENTS. CU'S NIGHTLINE REPORT AND BIDWATCH PRODUCTS ARE ALSO IN HIGH DEMAND WITH 3,000+ INDIVIDUALS RECEIVING THESE EXCLUSIVE DAILY SERVICED VIA E-MAIL.

Program 2

THE ASSOCIATION CONDUCTS SEVERAL MEETINGS AND CONVENTIONS DURING THE YEAR TO INFORM MEMBERS AND AFFILIATE MEMBERS ABOUT NEW DEVELOPMENTS IN THE CONSTRUCTION FIELD.

Program 3

CONSTRUCTION UPDATE PLAN ROOM NETWORK IS A RESOURCE FOR IMPROVING MEMBER PERFORMANCE AND PROMOTING A BUSINESS ENVIRONMENT FAVORABLE TO THE CONSTRUCTION INDUSTRY. THEY OFFER A WIDE RANGE OF...

CONSTRUCTION UPDATE PLAN ROOM NETWORK IS A RESOURCE FOR IMPROVING MEMBER PERFORMANCE AND PROMOTING A BUSINESS ENVIRONMENT FAVORABLE TO THE CONSTRUCTION INDUSTRY. THEY OFFER A WIDE RANGE OF EDUCATIONAL, PROFESSIONAL DEVELOPMENT, AND TRAINING OPPORTUNITIES. THE ASSOCIATION KEEPS MEMBERS INFORMED BY PROVIDING A NUMBER OF INFORMATIONAL PRODUCTS THAT ENSURE ITS MEMBERS ARE THE BEST INFORMED CONTRACTORS IN THE CONSTRUCTION BUSINESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,412,097

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,412,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,124

TOTAL EXPENSES $7,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,412,097	$1,419,741	0.0%
Expenses	$7,124	$1,576	+3.5%
Net Income	$1,404,973	$1,418,165	0.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$453,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD KLEPPE	PRESIDENT/CEO	12.00	Officer	$0	$21,070	$283,229
LAURIE DELMOTT	COO	1.00	Officer	$0	$16,378	$170,424
MIKE ESPESET	CHAIRMAN (BEG MAR 24)	1.00	Officer Director	$0	$0	$0
GORDON PARKER	VICE CHAIR (BEG MAR 24)	1.00	Officer Director	$0	$0	$0
MATT THOMPSON	TREASURER (BEG MAR 24)	1.00	Officer Director	$0	$0	$0
RANDY CLARAHAN	PAST CHAIRMAN (BEG MAR 24)	1.00	Officer Director	$0	$0	$0
PAUL KOESTER	PAST CHAIRMAN (THRU FEB 24)	1.00	Officer Director	$0	$0	$0
RUSS ACTON	DIRECTOR (THRU FEB 24)	1.00	Director	$0	$0	$0
ERIC BRIDGEWATER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FERGUSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
AMY FETTERS	DIRECTOR	1.00	Director	$0	$0	$0
DARRIN GILETT	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HAMMER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK KING	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE RICH	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLE SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
BRENT THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JOEL VEENSTRA	DIRECTOR	1.00	Director	$0	$0	$0
DAN WARD	DIRECTOR	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	$191,309	No data	$18,206,532	No data
2024	$1,412,097	$7,124	$18,003,823	$1,404,973
2023	$1,419,741	$1,576	$16,606,450	$1,418,165
2022	$1,476,150	$4,976	$15,214,627	$1,471,174
2021	$1,511,728	$404,687	$13,733,781	$1,107,041
2020	$1,567,785	$660,547	$12,650,501	$907,238
2019	$1,633,562	$653,977	$11,762,076	$979,585
2018	$1,635,416	$612,776	$10,791,318	$1,022,640

CONSTRUCTION UPDATE PLAN ROOM NETWORK