Construction Financial Management Association
- Assets
- $265.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westfield, IN
- Founding
- 09/1986
- Data as of
- 03/2022
- EIN
- 35-1853186
Organization Overview
Construction Financial Management Association is located in Westfield, IN. The organization was established in 1986. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Construction Financial Management Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Construction Financial Management Association generated $22.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $20.4k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATION OF CHAPTER MEMBERS AND OTHERS IN THE CONSTRUCTION PROFESSION IN THE PROPER ACCOUNTING TREATMENT OF CONSTRUCTION ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Preyss President | 1 | $0 | |
Amanda Bertram Executive Vice President | 1 | $0 | |
Sue Deaton Secretary | 1 | $0 | |
Sara Nash Chapter Admin | 7.5 | $0 | |
Ben Matherly Treasurer | 1 | $0 | |
Andrew Goodman Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,873 |
| Investment income | $5,590 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,998 |
| Other Revenue | $0 |
| Total Revenue | $22,461 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,409 |
| Total expenses | $20,409 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $264,604 |
| Other assets | $0 |
| Total assets | $264,974 |
| Total liabilities | $0 |
| Net assets or fund balances | $264,974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Area Construction Employees Trust Madison, WI | $14,097,987 | $12,322,220 |
Midwest Coalition Of Labor Credit Union Countryside, IL | $73,344,318 | $3,088,502 |
American Society Of Plumbing Engineers Rosemont, IL | $3,811,463 | $2,740,392 |
American Society For Concrete Construction St Louis, MO | $1,403,321 | $1,660,151 |
National Council Of Structural Engineers Associations Inc Chicago, IL | $1,329,006 | $1,648,844 |
Metal Construction Association Inc Chicago, IL | $2,390,316 | $1,785,067 |
Passive House Institute Us Inc Chicago, IL | $1,090,576 | $1,428,195 |
American Council Of Engineering Companies Of Indiana Inc Indianapolis, IN | $1,263,884 | $984,615 |
American Council Of Engineering Companies Of Illinois Springfield, IL | $1,287,769 | $753,746 |
Construction Benefits Audit Corp Kansas City, MO | $581,334 | $885,831 |
Construction Industry Service Corporation Burr Ridge, IL | $1,049,261 | $643,459 |
Council Of Engineering And Scientific Society Executives Chicago, IL | $1,159,666 | $627,236 |