Michigan Center for Construction Education & Research Trust Agreement
Nonprofit profile at a glance
- EIN
- 386680405
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Midland, MI, USA
- Phone
- 9898328879
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Vocational, Technical Schools
Reported finances
- Revenue
- $2,014,868
- Expenses
- $1,839,773
- Assets
- $3,623,389
- Liabilities
- $497,373
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- STEPHANIE GREENE (PRESIDENT & CEO)
Highest reported compensation
- STEPHANIE GREENE (PRESIDENT & CEO): $141,119 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To educate through collaboration of the construction industry, our membership, employees, and communities; and to develop professional workplace competencies and skills while promoting the construction industry as a career choice.
What it reported doing in 2024
Chapter meetings - provide a meeting place for the free exchange of ideas, views, and techniques, and to encourage, develop and protect the building and contruction industries.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 87
- Accountability: 84
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.6%; rating input score 84
- Program expense ratio: 91.5%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 21st percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.7%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.97; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 12.8% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 12.5% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 15.7% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 83.6% of revenue deployed · 91.5% of spending went to programs
- Governance: 10 of 11 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.7M in reported program spending
- Leadership: top reported pay $141K · 11 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.