CONSTRUCTION BENEFITS AUDIT CORPORATION (EIN 431244218) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

REGINALD THOMAS

Phone

8162210537

Tax Period

2023-01-01 to 2023-12-31

CONSTRUCTION BENEFITS AUDIT CORPORATION, founded in 1995, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $280K, a strong 25% operating margin.

Mission

TO PROVIDE AUDITING SERVICES FOR PARTICIPATING NOT-FOR-PROFIT TAFT HARTLEY JOINTLY ADMINISTERED FRINGE BENEFIT FUNDS.

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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 $1,127,996

Investment Income $1,223

Other Revenue $0

TOTAL REVENUE $1,129,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $637,234

Fundraising Expenses $0

Program Expenses $680,628

Other Expenses $212,127

TOTAL EXPENSES $849,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,129,219	$1,085,068	+0.0%
Expenses	$849,361	$857,059	0.0%
Net Income	$279,858	$228,009	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
REGINALD THOMAS	PRESIDENT	Officer	$0	$0	$0
DAVE COLEMAN	VICE PRESIDENT	Officer	$0	$0	$0
DON GREENWELL	SECRETARY/TREASURER	Officer	$0	$0	$0
ERICA JENKINS	FUND AUDIT COORDINATOR	Officer	$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	$1,129,219	$849,361	$1,087,265	$279,858
2022	$1,085,068	$857,059	$804,654	$228,009
2021	$885,831	$782,154	$581,334	$103,677
2020	$845,940	$763,190	$477,565	$82,750
2019	$761,071	$777,009	$401,665	$-15,938
2018	$879,626	$821,432	$423,211	$58,194

CONSTRUCTION BENEFITS AUDIT CORPORATION