FOUNDATION OF THE AMERICAN SUBCONTRACTORS ASSOCIATION INC (EIN 521573841) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

RICHARD BRIGHT

Phone

7036843450

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION OF THE AMERICAN SUBCONTRACTORS ASSOCIATION INC, founded in 1987, is a micro nonprofit that reported $8K in total revenue in fiscal year 2017. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 70% operating deficit.

Mission

WORK TO IMPROVE THE BUSINESS PRACTICES IN THE CONSTRUCTION INDUSTRY THROUGH RESEARCH, EDUCATION AND THE DISSEMINATION OF INFORMATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $126,163

Program Service Revenue $6,250

Investment Income $16,340

Other Revenue $0

TOTAL REVENUE $148,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,519

Other Expenses $220,779

TOTAL EXPENSES $220,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,753	$355,758	-0.6%
Expenses	$220,779	$486,949	-0.5%
Net Income	$-72,026	$-131,191	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BURKE JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
SHEILA OHRENBERG	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TONY VERMAAS	TREASURER/SECRETARY	5.00	Officer Director	$0	$0	$0
MARNI GOODRICH	AT LARGE	5.00	Officer Director	$0	$0	$0
JOHN LEIFESTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SWINNEY	DIRECTOR	1.00	Director	$0	$0	$0
BECKY AUGE	DIRECTOR	1.00	Director	$0	$0	$0
WARREN QUINN	DIRECTOR	1.00	Director	$0	$0	$0
TONYA SCHULTE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BRIGHT	CEO	5.00	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
2025	$148,753	$220,779	$910,507	$-72,026
2024	No data	No data	No data	No data
2023	$186,341	$78,389	$952,180	$107,952
2022	$23,665	$13,861	$827,088	$9,804
2021	$12,482	$5,678	$863,274	$6,804
2020	$8,853	$12,723	$842,329	$-3,870
2019	$6,841	$8,359	$833,608	$-1,518
2018	$8,473	$14,366	$835,126	$-5,893

FOUNDATION OF THE AMERICAN SUBCONTRACTORS ASSOCIATION INC