Construction Financial Management Association

The Construction Financial Management Association (CFMA) is a U.S. nonprofit organization dedicated to serving the educational needs of construction financial professionals. Established in 1981, CFMA focuses on advancing the construction ecosystem through education, networking, and collaboration[1][2].

Purpose and Mission

CFMA's core purpose is to provide resources that meet the challenges faced by construction financial professionals. The organization's mission is to build impactful construction financial professionals and create communities for networking and collaboration, thereby advancing the construction industry[2]. CFMA aims to be essential to the success and growth of construction financial professionals[2].

Membership and Structure

CFMA has a diverse membership base including:

• General Members: General contractors, specialty trades, developers, construction managers, architects, engineers, principals, and material and equipment suppliers.
• Associate Members: Professionals in the accounting, insurance, surety, technology, legal, and banking industries, as well as other specialists serving the construction industry[1][2].

The organization operates with numerous chapters across the United States and Canada, providing local workshops, seminars, and programs that complement services offered at the national level[1].

Values and Goals

CFMA is guided by several core values:

• Integrity: Encouraging ethical behavior in business and personal relationships.
• Inclusive Community: Building a welcoming and inclusive environment for members and stakeholders.
• Courageous Leadership: Addressing industry challenges through leadership.
• Lifelong Learning: Supporting continuous growth and development for members.
• Continuous Innovation: Investing in new ideas and technologies[2].

CFMA's long-term goal is to be indispensable for the success and professional growth of construction financial managers[1][2].

Nonprofit Status

CFMA is designated as a 501(c)(6) organization, which includes business leagues, chambers of commerce, real estate boards, and similar entities focused on improving business conditions. As a 501(c)(6) nonprofit, donations to CFMA are not tax deductible[3].

Financial Overview

CFMA generates revenue primarily through program services and fundraising activities. The organization's financial stability is supported by these activities, which contribute to its total assets and operational capacity[3].

Education and Certifications

CFMA offers educational programs and certifications designed to enhance professional standards in construction financial management. These resources are available to members across its extensive network of chapters[5].