CONCRETE ADVANCEMENT FOUNDATION INC

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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

1990

Legal Domicile

Principal Officer

Julie Garbini

Phone

7037064800

Tax Period

2024-01-01 to 2024-12-31

CONCRETE ADVANCEMENT FOUNDATION INC, founded in 1990, is a community nonprofit in the Science & Technology sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 10% surplus.

Mission

The Foundation is dedicated to enhancing and strengthening the concrete industry through independent research and quality education programming.

Program Service Accomplishments

Program 1

Expenses: $2,407,012

Massachusetts Institute of Technology Concrete Sustainability Hub (MIT CSHub):The MIT CSHub brings together leaders from academia, industry, and government to develop breakthroughs using a holistic approach that will achieve durable and sustainable homes, buildings, and infrastructure in ever more demanding environments.The mission of the CSHub is to develop breakthroughs that will achieve sustainable and durable homes, buildings, and infrastructure. This is approached by conducting research to reduce the impact of producing and using concrete, and to develop tools to support infrastructure decisions: life-cycle environmental, cost, and hazard resistance.Research at the MIT CSHub has been organized around three focus areas: concrete materials science, building technology and the econometrics of sustainable development.

Program 2

Expenses: $24,949

Investigating ICF Wall Construction Meeting the Requirements of National Fire Protection Association (NFPA) 285

Program 3

Expenses: $21,553

Experimental Carbon Uptake Study in Various Design Applications for Concrete

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,028,665

Program Service Revenue $0

Investment Income $1,925,559

Other Revenue $0

TOTAL REVENUE $2,954,224

Expense Breakdown

Grants Paid $2,046,982

Salaries & Benefits $483,127

Fundraising Expenses $0

Program Expenses $2,461,898

Other Expenses $129,991

TOTAL EXPENSES $2,660,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,954,224	$2,555,399	+0.2%
Expenses	$2,660,100	$2,802,065	-0.1%
Net Income	$294,124	$-246,666	-2.2%

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

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

$350,818

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Garbini	President	40.00	Officer	$306,499	$44,319	$350,818
Christopher Schenone	Trustee	0.50	Director	$0	$0	$0
Rodney Grogan	Trustee	0.50	Director	$0	$0	$0
Tim Becken	Trustee	0.50	Director	$0	$0	$0
Rick Bohan	Trustee	0.50	Director	$0	$0	$0
SCOTT PARSON	Trustee	0.50	Director	$0	$0	$0
John Holliday	Trustee	0.50	Director	$0	$0	$0
HENRY R BATTEN	Trustee	0.50	Director	$0	$0	$0
John Ernst	Trustee	0.50	Director	$0	$0	$0
Jonathan Randall	Trustee	0.50	Director	$0	$0	$0
Michael Ireland	Trustee	0.50	Director	$0	$0	$0
Kelly Curtis	Trustee	0.50	Director	$0	$0	$0
David Loomes	Trustee	0.50	Director	$0	$0	$0
Tom Strittmatter	Trustee	0.50	Director	$0	$0	$0
Joel Galassini	Trustee	0.50	Director	$0	$0	$0
Francis Hall Chaney	Chairman	0.50	Officer Director	$0	$0	$0
Michael Haack	Trustee	0.50	Director	$0	$0	$0
Steve Williams	Trustee	0.50	Director	$0	$0	$0
Martin Willoughby	Trustee	0.50	Director	$0	$0	$0
Jamie Gentoso	Past Chairman	0.50	Officer Director	$0	$0	$0
Massimo Toso	Trustee	0.50	Director	$0	$0	$0
Donald V Ingrassano	Trustee	0.50	Director	$0	$0	$0
Pete Lyons	Secretary/Trea.	0.50	Officer Director	$0	$0	$0
Bruce Christensen	Trustee	0.50	Director	$0	$0	$0
Joe Roche	Trustee	0.50	Director	$0	$0	$0
Matteo Rozzanigo	Trustee	0.50	Director	$0	$0	$0
Alan Wessel	Trustee	0.50	Director	$0	$0	$0
Abbott Lawrence	Trustee	0.50	Director	$0	$0	$0
Bill Mullen	Vice Chairman	0.50	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
2024	$2,954,224	$2,660,100	$26,365,712	$294,124
2023	$2,555,399	$2,802,065	$25,431,410	$-246,666
2022	$2,022,609	$2,294,692	$24,289,355	$-272,083
2021	$2,739,375	$1,675,899	$29,901,660	$1,063,476
2020	$1,932,666	$1,668,355	$27,410,998	$264,311
2019	$1,158,722	$1,743,342	$25,691,464	$-584,620
2018	$1,925,786	$1,674,313	$23,467,528	$251,473