Construction Financial Management Association

What Construction Financial Management Association does

CFMA is a Princeton, NJ-based nonprofit professional association founded in 1981 and dedicated exclusively to construction financial professionals. It serves 11,000+ individual members across 90+ chapters in the U.S. and Canada, spanning general and specialty contractors, developers, construction managers, architects, engineers, and a large Associate Member base drawn from accounting, surety, insurance, software, legal, and banking providers to the construction industry. Its portfolio includes the CCIFP (Certified Construction Industry Financial Professional) credential, the Construction Financial Benchmarker (described as the only one of its kind), the CONFINDEX quarterly confidence survey, the Heavy Equipment Comparator (co-developed with AEMP), SALT Explorer Essentials (co-developed with Forvis Mazars), the award-winning CFMA Building Profits magazine, the Connection Café community platform, and DASH, an AI content concierge launched in late 2025/2026.

CFMA's technology stack is built on a membership management platform (ACGI), a learning management system (Forj), and the Higher Logic Thrive Connection Café community platform, with DASH sitting on top as an AI content retrieval layer. The association monetizes through four primary streams: recurring individual membership dues (General and Associate tiers), advertising and sponsorships across BP Magazine, digital channels, and webinars (including a tiered Principal/Elite/Strategic/Member Preferred partner program with 10+ named partners such as Trimble, Forvis Mazars, Commerce Bank, ADP, Corpay, Acumatica, and Sage), conferences and events (Annual Conference, AGC/CFMA Conference, and regional/chapter events), and certification and education revenue (CCIFP exams, exam prep, online courses, CPE-accredited webinars). Go-to-market is community-led: members are acquired through local chapters, conferences, certification programs, word-of-mouth within the construction finance profession, and a layered vendor partnership program that creates two-sided value between construction CFOs/controllers and the technology and service providers that serve them.

Name

Construction Financial Management Association

Legal name

Construction Financial Management Association

Website

https://cfma.org

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

CFMA is a 1981-founded nonprofit professional association serving 11,000+ construction financial professionals across 90+ U.S. and Canadian chapters through education, certification (CCIFP), benchmarking, conferences, and a tiered partner program with construction SaaS and financial services firms.

Ownership category

akta.pro rank

Product category

Professional Association Services

NAICS

Professional Organizations (81392)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Project, Program & Portfolio Management Certifications (EDAAANAB)

akta.pro secondary industries

Assessment, Certification & Qualifications Frameworks (BPADAKAL), Qualifications Framework Authorities (NQF/Skills Framework) (EDADAFAB)

Keywords

• Construction financial management
• Professional certification programs
• Industry benchmarking services
• Continuing professional education
• Association membership services

Headquarters

HQ city

Princeton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Membership Dues: CFMA generates revenue primarily through individual membership fees from its 11,000+ members across general and associate categories. Membership provides access to education, networking, benchmarking tools, and member benefits.
2. Advertising & Sponsorships: Revenue from advertising in CFMA Building Profits magazine, digital advertising opportunities, webinar sponsorships, and sponsorship of educational content and events.
3. Conferences & Events: Annual conference, regional conferences, chapter events, and golf tournaments generate revenue through registration fees and event sponsorships.
4. Certification & Education: CCIFP certification exams, exam prep materials, online courses, and CPE credits provide revenue stream.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

CFMA is a nonprofit professional membership association that serves construction financial professionals through education, networking, and information resources. It delivers annual and regional conferences, webinars, on-demand courses, and the CCIFP (Certified Construction Industry Financial Professional) certification. The organization also provides proprietary benchmarking and research tools, including the Construction Financial Benchmarker, CONFINDEX quarterly survey, Heavy Equipment Comparator, and SALT Explorer Essentials, and connects members through 90+ local chapters across the U.S. and Canada.

Product overview

CFMA offers a membership-based professional association serving construction financial professionals since 1981. The organization provides a portfolio of professional development and benchmarking tools including Financial Benchmarker for industry comparisons, Heavy Equipment Comparator for fleet performance evaluation, and SALT Explorer Essentials for tax research. The flagship professional certification is CCIFP (Certified Construction Industry Financial Professional). CFMA delivers educational content through CFMA Building Profits magazine (print and digital), Hey CFMA video series, webinars, and on-demand education. Member networking is facilitated through Connection Café online community. The organization recently launched DASH, an AI content concierge. CFMA serves 11,000+ members across 90+ chapters in the U.S. and Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• CCIFP Certification The only industry-recognized certification for financial professionals working in the construction industry. The CCIFP credential validates expertise in construction-specific financial management.
• Construction Financial Benchmarker Annual financial survey and benchmarking tool that allows construction companies to compare their financial performance against industry peers. The only benchmarking product of its kind for the construction financial industry.
• Heavy Equipment Comparator Tool developed in collaboration with AEMP and Industry Insights Inc. to evaluate, measure, and enhance equipment fleet performance and costs for construction companies.
• SALT Explorer Essentials Exclusive state and local tax information resource co-developed with Forvis Mazars, providing CFMA General Members with construction-specific SALT research.
• DASH AI Content Concierge AI-powered content concierge that simplifies access to CFMA's construction financial management educational content and resources for members.
• CFMA Annual Conference & AGC/CFMA Conference CFMA's annual conference plus the AGC/CFMA Conference provide in-person education, networking, and industry engagement for construction financial professionals.
• CFMA Building Profits Magazine Award-winning bimonthly print and digital magazine (BP Online) covering construction financial management topics, distributed to members and subscribers.
• Connection Café Community Platform Online community platform built on Higher Logic Thrive that enables CFMA members to network, participate in peer discussions, and access member directories.
• CFM Reference Guide Comprehensive reference guide for construction financial management professionals covering core CFM topics.
• State Tax Law Guides Comprehensive state tax law guides provided by CFMA to support construction financial professionals with multi-state tax compliance.
• CFMA On-Demand Education & Webinars Webinars and on-demand online courses that provide construction financial professionals with continuing professional education and CPE credits.
• CFMA Membership (General & Associate) Annual individual membership providing access to education, networking, benchmarking tools, the Connection Café community, publications, and member benefits. Two categories: General Members (contractors, developers, construction managers, architects, engineers) and Associate Members (accounting, insurance, surety, software, legal, banking professionals serving construction).
• CFMA Local Chapter Network 90+ local chapters throughout the U.S. and Canada that host regional workshops, seminars, peer groups, and networking events for CFMA members.

Quantifiable outcome

• 11% membership growth in three years, reaching 11,000 members
• +1 more outcomes

Named customers2 records

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

18 partnerships are on record, tiered strategic, key, elite, principal, leadership and member preferred.

• EgnytestrategicTechnology or Integration · 6 August 2026Egnyte joined CFMA as Strategic Partner in August 2026, offering free access to chapters.
• Big Blue Innovations (BBi)strategicStrategic or Co-development Partner · 21 July 2026Big Blue Innovations (BBi) became a Strategic Partner to broaden access to construction technology education and resources.
• AcumaticakeyStrategic or Co-development Partner · 16 March 2026Acumatica joined CFMA as a Strategic Partner in March 2026. Under the partnership, CFMA members gain access to Acumatica's construction-focused business management tools, while Acumatica customers receive enhanced access to CFMA's resources including industry benchmarking and continuing education. New Construction Edition customers receive a complimentary one-year CFMA membership.
• CorpayeliteStrategic or Co-development Partner · 10 December 2024Corpay became an Elite Partner and preferred B2B payments provider in December 2024. This milestone builds on Corpay's 14-year partnership with CFMA, supporting its mission to advance financial management in the construction industry.
• ADPprincipalTechnology or Integration · 3 October 2024ADP joined as HR and Payroll Principal Partner in October 2024, providing human resources and payroll solutions tailored for construction industry needs.
• ArcorostrategicTechnology or Integration · 5 August 2024Arcoro, a leading HR software company for the construction industry, serves as HR Technology Strategic Partner.
• Commerce BankprincipalTechnology or Integration · 1 January 2024Commerce Bank became CFMA's banking and financial services Principal Partner in 2024. They offer CommercePayments solutions designed for construction companies with trusted by more than 1,300 construction companies nationwide.
• BriqleadershipStrategic or Co-development Partner · 25 March 2021Briq is CFMA's Leadership Partner, helping support the leadership development of CFMA members through corporate performance management platform built specifically for construction financial professionals.
• TrimbleprincipalTechnology or IntegrationTrimble is listed as a Principal Partner (exclusive partnerships limited to specific business solution categories such as accounting, ERP, and related services). Principal Partners provide significant financial and in-kind support funding core programs, events, and initiatives.
• Forvis MazarsprincipalTechnology or IntegrationForvis Mazars is a Principal Partner providing accounting and related services. They co-developed SALT Explorer Essentials with CFMA - an exclusive resource for CFMA's General Members launched in April 2026.
• MitereliteStrategic or Co-development PartnerMiter is an Elite Partner aligned with specific strategic goals and initiatives of CFMA. They provide HR technology solutions for construction workforce management.
• SagestrategicStrategic or Co-development PartnerSage is a Strategic Partner with a long-standing relationship - renewed for 10+ consecutive years as Educational Sponsor. They provide cloud business management solutions for construction.
• CommercePaymentsmember preferredGTM or Marketing PartnerPart of CFMA's Member Preferred Programs, CommercePayments offers payment solutions trusted by more than 1,300 construction companies nationwide.
• ConsensusDOCSmember preferredGTM or Marketing PartnerMember Preferred Program partner offering 20% discount on all ConsensusDOCS construction contract products for CFMA members.
• Procoremember preferredGTM or Marketing PartnerMember Preferred Program partner offering 10% discount for first year and 10% on additional product purchases for CFMA members.
• FedExmember preferredGTM or Marketing PartnerMember Preferred Program partner offering CFMA members 50% off FedEx Express and 20% off FedEx Ground.
• Enterprise Fleet Managementmember preferredGTM or Marketing PartnerMember Preferred Program partner offering fleet management services with more than 50 fully staffed offices nationwide.
• Association of Equipment Management Professionals (AEMP)keyStrategic or Co-development PartnerCFMA and AEMP co-developed the Heavy Equipment Comparator - a groundbreaking tool to revolutionize evaluation, measurement, and enhancement of equipment fleet performance.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Institute of Management Accountants (IMA): Global professional association for management accountants offering the CMA certification, education, and CPE. Comparable to CFMA as a professional membership association that monetizes through dues, certification (CCIFP/CMA), and continuing education programming.
• Associated Builders and Contractors (ABC): National construction industry trade association representing merit shop contractors. While broader in focus than CFMA (covers general construction rather than only finance), it serves many of the same member companies and competes for construction-industry mindshare and event attendance.
• American Institute of Certified Public Accountants (AICPA): National professional membership association for CPAs offering certification, education, and professional development. Comparable to CFMA as a vertical-specialized professional association that monetizes members through dues, credentials, and content — though serving all CPAs rather than construction finance specialists.

Direct peers

• National Association of Construction Auditors (NACA): A specialized professional association for construction auditors with education and certification programs. A more narrowly focused peer than CFMA but shares the same vertical-specialized model of dues, certification, and education for construction financial professionals.
• Association of General Contractors of America (AGC): Associated General Contractors is the leading national trade association for the construction industry. CFMA co-developed the Construction Financial Management Conference with AGC and shares overlapping membership, making it the closest industry-wide peer association serving construction executives.
• CPAmerica International: An association of accounting firms providing practice management, CPE education, and peer networking for accounting professionals. Comparable to CFMA as an association serving accounting/financial professionals with a chapter/model and continuing education focus.

Regional players

• National Association of Credit Management (NACM): Professional association for commercial credit management providing certification (CBA), education, and networking. Comparable to CFMA as a vertical-focused professional association with a credentialed membership body and educational programming.

Others

• ASAE (American Society of Association Executives): The professional association for the association management industry itself. Relevant as an ecosystem peer given CFMA operates in the broader nonprofit association space, even though they are not competitors but rather share the same operating model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubecfma.org/heycfma
• LinkedInlinkedin.com/company/cfma
• Xx.com/cfma
• Facebookfacebook.com/constructionfinancialmanagementassociation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Construction Financial Management Association