CONSTRUCTION INDUSTRY TRAINING COUNCIL OF WASHINGTON

EIN: 911283628 501(c)(3) Employment

BELLEVUE, WA

Total Revenue
$11,022,545
Total Expenses
$10,662,926
Total Assets
$17,341,867
Net Assets
$11,542,243
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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
1985
Legal Domicile
WA
Principal Officer
HALENE SIGMUND
Phone
4254542482
Tax Period
2023-07-01 to 2024-06-30

CONSTRUCTION INDUSTRY TRAINING COUNCIL OF WASHINGTON, founded in 1985, is a mid-sized nonprofit in the Employment sector that reported $11.0M in total revenue in fiscal year 2023. Expenses of $10.7M left a modest 3% surplus.

Mission

THE CONSTRUCTION INDUSTRY TRAINING COUNCIL SHALL RECRUIT, TRAIN, DEVELOP AND RETAIN SKILLED LABOR FOR THE WASHINGTON STATE CONSTRUCTION INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $9,028,929 Revenue: $9,448,347

PREPARATORY, SUPPLEMENTAL, AND CONTINUING EDUCATION FOR VARIOUS CONSTRUCTION INDUSTRY TRADES INCLUDING CARPENTRY, ELECTRICAL, GLAZIERS, HEAVY EQUIPMENT, HVAC, LABORERS, PAINTING, PLUMBING, SCAFFOLD...

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PREPARATORY, SUPPLEMENTAL, AND CONTINUING EDUCATION FOR VARIOUS CONSTRUCTION INDUSTRY TRADES INCLUDING CARPENTRY, ELECTRICAL, GLAZIERS, HEAVY EQUIPMENT, HVAC, LABORERS, PAINTING, PLUMBING, SCAFFOLD ERECTORS, AND SHEET METAL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,178,615
Program Service Revenue $9,448,347
Investment Income $167,888
Other Revenue $227,695
TOTAL REVENUE $11,022,545

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,232,836
Fundraising Expenses $0
Program Expenses $9,028,929
Other Expenses $5,430,090
TOTAL EXPENSES $10,662,926

Year-over-Year Comparison

2023 2022 Change
Revenue $11,022,545 $10,388,100 +0.1%
Expenses $10,662,926 $9,069,048 +0.2%
Net Income $359,619 $1,319,052 -0.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
136
Volunteers
9

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
7
$735,923
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MCFERRAN CHAIR 1.00
Officer Director
$0 $0 $0
SHAWN RHODE VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATHLEEN GARRITY SECRETARY 1.00
Officer Director
$0 $0 $0
ADAM PINSKY TREASURER 1.00
Officer Director
$0 $0 $0
MIKE PRICE PAST CHAIR 1.00
Officer Director
$0 $0 $0
JASON PREUIT TRUSTEE 1.00
Director
$0 $0 $0
SAM SWACKHAMMER TRUSTEE 1.00
Director
$0 $0 $0
CARY CLEMENSON TRUSTEE 1.00
Director
$0 $0 $0
DR LINGZI WU TRUSTEE 1.00
Director
$0 $0 $0
HALENE SIGMUND PRESIDENT 40.00
Officer
$388,890 $29,406 $418,296
STACIE MEYER VP, FINANCE 30.00
Officer
$275,470 $42,157 $317,627
JACK CHAPEL VP, EDUCATION 40.00
Highest
$191,800 $39,734 $231,534
ADRIANA GAMBOA VP, APPRENTICESHIP 40.00
Highest
$182,380 $16,559 $198,939
KEN HILL E. WA APPRENTICESHIP & FACILTY MANAGER 40.00
Highest
$131,754 $20,488 $152,242
TOM ELLIOT SW WA APPRENTICESHIP & FACILTY MANAGER 40.00
Highest
$168,796 $15,218 $184,014
RICHARD ST VINCENT SE WA APPRENTICESHIP & FACILTY MANAGER 40.00
Highest
$132,828 $15,218 $148,046
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 No data No data No data No data
2024 $11,022,545 $10,662,926 $17,341,867 $359,619
2023 $10,388,100 $9,069,048 $21,098,565 $1,319,052
2022 $7,748,855 $10,334,791 $12,263,211 $-2,585,936
2021 $8,217,558 $7,122,903 $15,404,738 $1,094,655
2020 $8,492,558 $6,938,719 $14,305,358 $1,553,839
2019 $10,312,575 $7,342,333 $12,350,111 $2,970,242
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