Cannon Builders Prevailing Wage Tr… - 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

2018

Legal Domicile

Principal Officer

Nicholas Orgill

Phone

2085697409

Tax Period

2023-01-01 to 2023-12-31

Cannon Builders Prevailing Wage Trust, founded in 2018, is a small nonprofit in the Mutual Benefit sector that reported $702K in total revenue in fiscal year 2023. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $229K, a strong 33% operating margin.

Mission

To accumulate during employees working years the funds needed to pay for supplemental unemployment benefits under the prevailing wages plan as required by the Davis Bacon Act and its regulations and to pay benefits under the terms of the plan.

Program Service Accomplishments

Program 1

Expenses: $473,339 Revenue: $662,916

The purpose of the trust is to accumulate during employees working years the funds needed to pay for supplemental unemployment benefits under the Plan and pay out benefits to employees under the Plan.

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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 $697,826

Program Service Revenue $0

Investment Income $4,107

Other Revenue $0

TOTAL REVENUE $701,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $473,339

Other Expenses $34,910

TOTAL EXPENSES $473,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$701,933	$341,725	+1.1%
Expenses	$473,339	$240,849	+1.0%
Net Income	$228,594	$100,876	+1.3%

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

N/A

Employees

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

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicholas Orgill	Trustee	010.00	Director	$7,500	$0	$7,500

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	$701,933	$473,339	$534,593	$228,594
2022	$341,725	$240,849	$338,594	$100,876
2021	$200,731	$318,707	$267,837	$-117,976
2020	$359,368	$316,780	$394,358	$42,588

Cannon Builders Prevailing Wage Trust