INSTITUTE FOR CONSTRUCTION ECONOMIC RESEARCH (EIN 463515444) - 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

2013

Legal Domicile

Principal Officer

JULIE BROCKMAN

Phone

5172858670

Tax Period

2022-01-01 to 2022-12-31

INSTITUTE FOR CONSTRUCTION ECONOMIC RESEARCH, founded in 2013, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO SUPPORT HIGH QUALITY RESEARCH ON THE ISSUES FACING THE CONSTRUCTION INDUSTRY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,000

Program Service Revenue $154,651

Investment Income $703

Other Revenue $0

TOTAL REVENUE $185,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,148

Fundraising Expenses $0

Program Expenses $234,730

Other Expenses $117,863

TOTAL EXPENSES $251,011

Year-over-Year Comparison

	2022	2021	Change
Revenue	$185,354	$268,207	-0.3%
Expenses	$251,011	$259,418	0.0%
Net Income	$-65,657	$8,789	-8.5%

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

$86,974

Total Directors

$119,148

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSS ORMISTON PHD	PRESIDENT	3.00	Officer Director	$72,974	$0	$72,974
DALE BELMAN PHD	MEMBER	1.00	Director	$21,174	$0	$21,174
KEVIN DUNCAN PHD	MEMBER	1.00	Director	$15,000	$0	$15,000
JULIE BROCKMAN PHD	EXECUTIVE DIRECTOR	5.00	Officer	$14,000	$0	$14,000
CIHAN BILGINSOY PHD	MEMBER	1.00	Director	$10,000	$0	$10,000
CHRIS TRAHAN CAIN	MEMBER	1.00	Director	$0	$0	$0
JEFF WADDOUPS PHD	MEMBER	1.00	Director	$0	$0	$0
SCOTT LITTLEHALE	MEMBER	1.00	Director	$0	$0	$0
MATT BODAH PHD	SECRETARY/TREASURER	1.00	Officer 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
2022	$185,354	$251,011	$173,940	$-65,657
2021	$268,207	$259,418	$210,875	$8,789
2020	$227,739	$169,023	$197,702	$58,716
2019	$135,149	$128,192	$132,047	$6,957
2018	$56,451	$56,403	$116,995	$48

INSTITUTE FOR CONSTRUCTION ECONOMIC RESEARCH