AMERICAN SUBCONTRACTORS ASSOCIATION (EIN 840639802) - 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

1973

Legal Domicile

Principal Officer

NATHAN FONSECA

Phone

3039912637

Tax Period

2023-01-01 to 2023-12-31

AMERICAN SUBCONTRACTORS ASSOCIATION, founded in 1973, is a small nonprofit that reported $147K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $163K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ASAC PROMOTES ETHICAL & EQUITABLE BUSINESS PRACTICES TO BRING POSITIVE CHANGE THROUGHOUT THE CONSTRUCTION INDUSTRY. IT EMPOWERS MEMBERSHIP TO COMPLY WITH HEALTH & SAFETY STANDARDS & ASSIST IN THE SUCCESSFUL CREATION OF A SUPPORTIVE SAFETY CULTURE WITHIN THEIR ORGANIZATIONS.

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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 $83,284

Program Service Revenue $7,026

Investment Income $0

Other Revenue $56,798

TOTAL REVENUE $147,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,974

Fundraising Expenses $0

Other Expenses $67,539

TOTAL EXPENSES $162,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,108	$166,455	-0.1%
Expenses	$162,513	$161,370	+0.0%
Net Income	$-15,405	$5,085	-4.0%

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

$78,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY BUTTS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK WILLIAMS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
NATHAN FONSECA	TREASURER	1.00	Officer Director	$0	$0	$0
CANDEE DIETRICH	SECRETARY	1.00	Officer Director	$0	$0	$0
CARL COX III	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY CROOK	DIRECTOR	1.00	Director	$0	$0	$0
TODD DUNCAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FORMANEK	DIRECTOR	1.00	Director	$0	$0	$0
LENNIE HERRON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
HELEN MADDEN-WEISS	DIRECTOR	1.00	Director	$0	$0	$0
TROY TINBERG	DIRECTOR	1.00	Director	$0	$0	$0
MARK GRUSKIN	DIRECTOR	1.00	Director	$0	$0	$0
DEB SCIFO	EXECUTIVE DIRECTOR	1.00	Director	$78,125	$0	$78,125

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	$147,108	$162,513	$76,860	$-15,405
2022	$166,455	$161,370	$88,967	$5,085
2021	$192,822	$179,844	$102,488	$12,978
2020	$140,985	$169,203	$73,104	$-28,218
2019	$193,358	$168,133	$95,933	$25,225

AMERICAN SUBCONTRACTORS ASSOCIATION