CHICAGO AREA CONSTRUCTION TESTING (EIN 822790458) - 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

2020

Legal Domicile

Principal Officer

WALTER FLOOD

Phone

7737212200

Tax Period

2023-01-01 to 2023-12-31

CHICAGO AREA CONSTRUCTION TESTING, founded in 2020, is a micro nonprofit that reported $27K in total revenue in fiscal year 2023. Expenses of $33K exceeded revenue, resulting in a 22% operating deficit.

Mission

ACTIVTIES OF CACTDIA ARE FOCUSED ON (I)IMPROVING THE ORGANIZATIONAL EFFECTIVENESS OF CHICAGO AREA UNIONIZED TESTING COMPANIES AND THE PRODUCTIVITY, JOB SECURITY AND QUALITY OF WORKING LIFE OF THEIR EMPLOYEES EMPLOYED IN THE TERRITORIAL JURISDICATION OF INTERNATIONAL UNION OF OPERATING ENGINEERS, LOCAL 150 (IUOE 150)(II)ENGAGING IN COLLECTIVE BARGAINING AND NEGOTIANTION OF LABOR AGREEMENTS WITH IUOE 150 (III) IMPROVING AND PROVIDING FOR STABLE LABOR RELATIONS IN UNIONIZED SEGMENT OF THE INDUSTRY (IV)WHEN APPROPRIATE, ASSISTING IN THE SETTLEMENT OF JURISDICTIONAL DISPUTES (V) ENCOURAGING AND SUPPORTING THE INITIATION, DEVELOPMENT AND OPERATION OF SIMILAR EMPLOYER ASSOCIATIONS' INDUSTRY STANDARDS AND SPECIFICATIONS, NEW TECHNOLOGIES AND IMPROVED PRODUCTION, OCCUPATIONAL SAFETY AND HEALTH, AND PUBLIC EDUCATION FOR THE INDUSTRY (VI) PROTECTION, PROMOTING AND FURTHER ENHANCING THE ECONOMIC DEVELOPMENT, COMPETITIVESNESS AND BEST INTERESTS OF THE INDUSTRY; (VII)ENGAGING IN SUCH ORTHER ACTIVITI

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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 (2023)

Revenue Breakdown

Contributions & Grants $26,740

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,509

Other Expenses $32,521

TOTAL EXPENSES $32,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,740	$28,133	0.0%
Expenses	$32,521	$3,884	+7.4%
Net Income	$-5,781	$24,249	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ACKER	DIRECTOR	N/A	Director	$0	$0	$0
KEN RIPPY	DIRECTOR	N/A	Director	$0	$0	$0
WALTER FLOOD	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$26,740	$32,521	$72,134	$-5,781
2022	$28,133	$3,884	$77,915	$24,249
2021	$23,760	$7,919	$53,666	$15,841
2020	$9,484	$6,536	$37,825	$2,948

CHICAGO AREA CONSTRUCTION TESTING