THE CONSTRUCTION SPECIFICATIONS IN… - 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

1948

Legal Domicile

Principal Officer

MARK DORSEY

Phone

8006892900

Tax Period

2024-07-01 to 2025-06-30

THE CONSTRUCTION SPECIFICATIONS INSTITUTE INCORPORATED, founded in 1948, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Expenses of $8.2M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE MISSION OF CSI IS TO ADVANCE BUILDING INFORMATION MANAGEMENT AND EDUCATION OF PROJECT TEAMS TO IMPROVE FACILITY PERFORMANCE.

Program Service Accomplishments

Program 1

TECHNICAL PROGRAMS: STANDARDS AND FORMATS PROVIDED TO PERSONS ENGAGED IN ANY PHASE OF WRITING, PREPARING, COMPILING, OR UTILIZING SPECIFICATIONS IN THE INDUSTRY.

Program 2

EDUCATIONAL AND CERTIFICATION PROGRAMS: PROFESSIONAL DEVELOPMENT SEMINARS AND WEBINARS IN TECHNICAL, SALES, AND MANAGEMENT SKILLS. CSI ALSO CONDUCTS FOUR RIGOROUS CERTIFICATION PROGRAMS (CDT, CCS...

EDUCATIONAL AND CERTIFICATION PROGRAMS: PROFESSIONAL DEVELOPMENT SEMINARS AND WEBINARS IN TECHNICAL, SALES, AND MANAGEMENT SKILLS. CSI ALSO CONDUCTS FOUR RIGOROUS CERTIFICATION PROGRAMS (CDT, CCS, CCCA, AND CCPR).

Program 3

CONSTRUCTION SPECIFIER: PUBLICATION THAT PROVIDES TECHNICAL INFORMATION AND TOPICAL ISSUES TO THE MEMBERSHIP, PERSONS IN THE INDUSTRY, AND THE GENERAL PUBLIC AS A WHOLE.

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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 $2,558

Program Service Revenue $5,618,890

Investment Income $476,283

Other Revenue $40,998

TOTAL REVENUE $6,138,729

Expense Breakdown

Grants Paid $6,876

Salaries & Benefits $1,608,060

Fundraising Expenses $0

Other Expenses $6,560,019

TOTAL EXPENSES $8,174,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,138,729	$5,971,975	+0.0%
Expenses	$8,174,955	$8,564,339	0.0%
Net Income	$-2,036,226	$-2,592,364	-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

250

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

$649,207

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SUNDQUIST	CHAIR	15.00	Officer Director	$0	$0	$0
IVETTE RAMIREZ BRUNS	SECRETARY & DIRECTOR	5.00	Officer Director	$0	$0	$0
MICHAEL YOUNG	TREASURER	4.00	Officer Director	$0	$0	$0
JARROD MANN	CHAIR-ELECT	10.00	Officer Director	$0	$0	$0
BETINA LATIKER	DIRECTOR, GULF STATES REGION	2.00	Director	$0	$0	$0
ROBERT VAUGHN	DIRECTOR, MIDDLE ATLANTIC REGION	2.00	Director	$0	$0	$0
ANDREA ZAWODNY	DIRECTOR, NORTH CENTRAL REGION	2.00	Director	$0	$0	$0
THOMAS LANZELOTTI	DIRECTOR, NORTHEAST REGION	2.00	Director	$0	$0	$0
GEORGIA SPENCER	DIRECTOR, NORTHWEST REGION	2.00	Director	$0	$0	$0
LYNSEY HANKINS	DIRECTOR, SOUTH CENTRAL REGION	2.00	Director	$0	$0	$0
KENNY MCMANN JR	DIRECTOR, SOUTHEAST REGION	2.00	Director	$0	$0	$0
MORAYMA BITTLE	DIRECTOR, SOUTHWEST REGION	2.00	Director	$0	$0	$0
PATRICK COMERFORD	DIRECTOR, WEST REGION	2.00	Director	$0	$0	$0
EDMUND BROWN	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
KEVIN WANG	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
MARK DORSEY	CHIEF EXECUTIVE OFFICER	39.00	Officer	$351,037	$38,275	$389,312
VELMA HART	COO (UNTIL 12/31/24)	38.00	Officer	$225,461	$34,434	$259,895
JEROD CLARK	DIRECTOR, MARKETING AND COMMUNICATIONS	40.00	Highest	$158,165	$23,899	$182,064

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	$6,138,729	$8,174,955	$7,608,568	$-2,036,226
2024	$5,971,975	$8,564,339	$9,912,911	$-2,592,364
2023	$5,246,222	$7,941,068	$10,388,745	$-2,694,846
2022	$5,684,338	$7,987,507	$11,426,197	$-2,303,169
2021	$12,789,779	$6,134,706	$16,756,630	$6,655,073
2020	$4,225,704	$6,634,087	$7,065,992	$-2,408,383
2019	$9,219,037	$6,107,625	$10,795,773	$3,111,412
2018	$9,875,966	$6,609,153	$7,436,708	$3,266,813

THE CONSTRUCTION SPECIFICATIONS INSTITUTE INCORPORATED