Eastern Contractors Association Inc
Eastern Contractors Association Inc consistently generates revenue surpluses and has doubled its assets over the last decade.
EIN: 141438951 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $3.5M |
| Transparency Score | 85/100 |
Is Eastern Contractors Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastern Contractors Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastern Contractors Association Inc
Eastern Contractors Association Inc (EIN: 141438951) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $1.8M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Contractors Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern Contractors Association Inc is a mid-size nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$246K |
| Total Assets | $4.0M |
| Total Liabilities | $539K |
| Net Assets | $3.5M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 32.7 months |
Financial Health Grade: A
In 2023, Eastern Contractors Association Inc reported a surplus of $246K with revenue exceeding expenses, holds 32.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eastern Contractors Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | -4.0% | +5.8% |
| 2022 | +2.5% | +5.9% | -2.0% |
| 2021 | +6.4% | +15.0% | -2.4% |
| 2020 | -10.2% | -8.7% | +41.3% |
| 2019 | +3.8% | -4.1% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eastern Contractors Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Eastern Contractors Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $246K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that officers may be uncompensated volunteers or compensated through mechanisms not captured under 'Officer Comp' in these summaries. This indicates a very low, if any, direct cost for executive salaries relative to the organization's $1.7 million annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Eastern Contractors Association Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data
- Significant fluctuations in liabilities year-over-year without clear explanation in summary data
Strengths
The following positive indicators were identified for Eastern Contractors Association Inc:
- Consistent revenue generation exceeding expenses (e.g., $1,718,539 revenue vs. $1,472,674 expenses in 2023)
- Steady growth in assets over the past decade, from $2,005,193 in 2014 to $4,008,635 in 2023
- Consistently reported 0% officer compensation, indicating potential for very low administrative overhead in this area
- Strong financial reserves with assets significantly outweighing liabilities
Frequently Asked Questions about Eastern Contractors Association Inc
Is Eastern Contractors Association Inc a legitimate charity?
Eastern Contractors Association Inc (EIN: 141438951) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Eastern Contractors Association Inc spend its money?
Eastern Contractors Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Eastern Contractors Association Inc tax-deductible?
Eastern Contractors Association Inc is registered as a tax-exempt nonprofit (EIN: 141438951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Eastern Contractors Association Inc CEO make?
Eastern Contractors Association Inc's highest-compensated officer earns $1.7 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Eastern Contractors Association Inc's spending goes to programs?
Eastern Contractors Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Eastern Contractors Association Inc located?
Eastern Contractors Association Inc is headquartered in Albany, New York and files with the IRS under EIN 141438951.
How many years of IRS 990 filings does Eastern Contractors Association Inc have?
Eastern Contractors Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
What are the specific programs Eastern Contractors Association Inc funds?
The provided data does not detail specific programs. Further investigation into their public-facing materials or full IRS Form 990 would be necessary to understand their programmatic activities.
How does Eastern Contractors Association Inc manage its liabilities, which have fluctuated significantly?
Liabilities have varied, for example, from $36,361 in 2019 to $879,391 in 2020, and then down to $539,400 in 2023. While these fluctuations are notable, the organization's assets consistently exceed liabilities by a substantial margin, suggesting a healthy balance sheet and ability to cover obligations.
Is the 0% officer compensation accurate, and if so, how are key leadership roles sustained?
The filings consistently report 0% for officer compensation. This could mean officers are volunteers, or their compensation is categorized differently within the expense breakdown (e.g., as general salaries if they are also employees). Clarification from the organization would be beneficial for full transparency.
Filing History
IRS 990 filing history for Eastern Contractors Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eastern Contractors Association Inc's revenue has grown by 69.8%, moving from $1.0M to $1.7M. Total assets increased by 149.2% over the same period, from $1.6M to $4.0M. Total functional expenses rose by 48.3%, from $993K to $1.5M. In its most recent filing year (2023), Eastern Contractors Association Inc reported a surplus of $246K, with revenue exceeding expenses. The organization holds $539K in liabilities against $4.0M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $4.0M | $539K | — | View 990 |
| 2022 | $1.6M | $1.5M | $3.8M | $675K | — | View 990 |
| 2021 | $1.6M | $1.4M | $3.9M | $689K | — | View 990 |
| 2020 | $1.5M | $1.3M | $4.0M | $879K | — | — |
| 2019 | $1.7M | $1.4M | $2.8M | $36K | — | View 990 |
| 2018 | $1.6M | $1.4M | $2.4M | $26K | — | View 990 |
| 2017 | $1.6M | $1.3M | $2.3M | $24K | — | View 990 |
| 2016 | $1.4M | $1.3M | $2.1M | $19K | — | View 990 |
| 2015 | $1.5M | $1.6M | $1.9M | $47K | — | View 990 |
| 2014 | $1.4M | $1.3M | $2.0M | $79K | — | View 990 |
| 2013 | $1.3M | $1.2M | $1.9M | $20K | — | View 990 |
| 2012 | $1.3M | $1.1M | $1.8M | $33K | — | View 990 |
| 2011 | $1.0M | $993K | $1.6M | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $4.0M (revenue +4.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $3.8M (revenue +2.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $3.9M (revenue +6.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.3M, and assets of $4.0M (revenue -10.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $2.8M (revenue +3.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $2.4M (revenue +4.1% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.3M, and assets of $2.3M (revenue +11.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $2.1M (revenue -9.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $1.9M (revenue +13.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $2.0M (revenue +4.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $1.9M (revenue -1.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $1.8M (revenue +30.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $993K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern Contractors Association Inc:
Data Sources and Methodology
This transparency report for Eastern Contractors Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.