CONSTRUCTION ADVANCEMENT PROGRAM O… - 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

1973

Legal Domicile

Principal Officer

MIKE LEO

Phone

3042420520

Tax Period

2024-01-01 to 2024-12-31

CONSTRUCTION ADVANCEMENT PROGRAM OF THE OVCEC INC, founded in 1973, is a small nonprofit that reported $490K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE FUNDING TO PROMOTE AND ADVANCE THE CONSTRUCTION INDUSTRY IN THE UPPER OHIO VALLEY.

Program Service Accomplishments

Program 1

Expenses: $491,217

TO PROMOTE AND ADVANCE THE CONSTRUCTION INDUSTRY IN THE UPPER OHIO VALLEY.

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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 $455,450

Program Service Revenue $0

Investment Income $34,118

Other Revenue $0

TOTAL REVENUE $489,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $491,217

Other Expenses $497,817

TOTAL EXPENSES $497,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$489,568	$447,774	+0.1%
Expenses	$497,817	$531,933	-0.1%
Net Income	$-8,249	$-84,159	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GRIBBEN	EXECUTIVE CO	0.50	Director	$0	$0	$0
MICHAEL MICKLER	EXECUTIVE CO	0.50	Director	$0	$0	$0
MIKE LEO	PRESIDENT	0.50	Director	$0	$0	$0
JAMES HURLEY	EXECUTIVE CO	0.50	Director	$0	$0	$0
MICHAEL GIANNI	EXECUTIVE CO	0.50	Director	$0	$0	$0
MICHAEL BAKER	EXECUTIVE CO	0.50	Director	$0	$0	$0
BRIAN HENDERSHOT	EXECUTIVE CO	0.50	Director	$0	$0	$0
ERIC STARKOWICZ	EXECUTIVE DI	0.50	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	$489,568	$497,817	$1,332,637	$-8,249
2023	$447,774	$531,933	$1,236,379	$-84,159
2022	$407,098	$604,922	$1,069,019	$-197,824
2021	$463,039	$498,247	$1,303,711	$-35,208
2020	$492,633	$713,047	$1,215,829	$-220,414
2019	$541,409	$529,931	$1,418,375	$11,478
2018	$540,560	$636,917	$1,385,552	$-96,357

CONSTRUCTION ADVANCEMENT PROGRAM OF THE OVCEC INC