CONSTRUCTION EDUCATION CENTER 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

2006

Legal Domicile

Principal Officer

MARCIE ADDY

Phone

8605295886

Tax Period

2024-07-01 to 2025-06-30

CONSTRUCTION EDUCATION CENTER INC, founded in 2006, is a small nonprofit in the Education sector that reported $619K in total revenue in fiscal year 2024. Expenses of $582K left a modest 6% surplus.

Mission

THE MISSION OF THE CONSTRUCTION EDUCATION CENTER IS TO PROVIDESTANDARD TRAINING IN ORDER TO PREPARE INDIVIDUALS FOR GAINFULEMPLOYMENT AND LONG TERM OPPORTUNITIES IN THE CONSTRUCTION INDUSTRY

Program Service Accomplishments

Program 1

Expenses: $458,932

TO PROVIDE STANDARDIZED TRAINING IN ORDER TO PREPARE INDIVIDUALS FOR GAINFUL EMPLOYMENT AND LONG TERM OPPORTUNITIES IN THE CONSTRUCTION INDUSTRY IN CONNECTICUT. THE GOAL IS TO ADVANCE THE...

TO PROVIDE STANDARDIZED TRAINING IN ORDER TO PREPARE INDIVIDUALS FOR GAINFUL EMPLOYMENT AND LONG TERM OPPORTUNITIES IN THE CONSTRUCTION INDUSTRY IN CONNECTICUT. THE GOAL IS TO ADVANCE THE CONSTRUCTION INDUSTRY IN THE STATE BY PROVIDING QUALITY EDUCATIONAL TRAINING FOR APPRENTICES, JOURNEYPERSONS, AND SUPERVISORS OF CONSTRUCTION COMPANIES. WE ENDEAVOR TO ENHANCE THE QUALITY, SAFETY AND COMPETITIVENESS OF CONNECTICUT CONSTRUCTORS WITHIN AND OUTSIDE THE STATE.

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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 $23,274

Program Service Revenue $594,293

Investment Income $1

Other Revenue $1,567

TOTAL REVENUE $619,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,393

Fundraising Expenses $0

Program Expenses $458,932

Other Expenses $251,934

TOTAL EXPENSES $582,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$619,135	$602,473	+0.0%
Expenses	$582,327	$552,266	+0.1%
Net Income	$36,808	$50,207	-0.3%

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

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

$94,390

Total Directors

$10,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIE ADDY	EDUCATION DIREC	40.00	Officer	$94,390	$0	$94,390
CHRIS FRYXELL	EX-OFFICIO	10.00	Director	$10,542	$0	$10,542
DAVID KONOVER	Director	1.00	Director	$0	$0	$0
NANCY CHIERO	Director	1.00	Director	$0	$0	$0
AUSTIN WALKER	Director	1.00	Director	$0	$0	$0
MELISSA SHEFFY	Director	1.00	Director	$0	$0	$0
KIRK PALUSKA	Director	1.00	Director	$0	$0	$0
TODD LESSARD	Director	1.00	Director	$0	$0	$0
AVI SMITH-RAPAPORT	Director	1.00	Director	$0	$0	$0
TRAVIS RAMSDELL	Director	1.00	Director	$0	$0	$0
RON WUENNEMANN	Treasurer	1.00	Officer	$0	$0	$0
JACQUELINE LARAMEE	BOARD CHAIR	1.00	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
2025	$619,135	$582,327	$310,032	$36,808
2024	$602,473	$552,266	$252,669	$50,207
2023	$522,270	$519,485	$218,033	$2,785
2022	$593,537	$510,339	$233,117	$83,198
2021	$437,271	$401,655	$159,650	$35,616
2020	$351,248	$359,400	$111,621	$-8,152
2019	$371,614	$364,126	$88,498	$7,488