BACNET INTERNATIONAL INC (EIN 043500963) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Phone

6785606499

Tax Period

2023-01-01 to 2023-12-31

BACNET INTERNATIONAL INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

THE ASSOCIATION ENCOURAGES THE SUCCESSFUL USE OF BACNET IN BUILDING AUTOMATION AND CONTROL SYSTEMS THROUGH TESTING, EDUCATIONAL PROGRAMS AND PROMOTIONAL ACTIVITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,197,832

Program Service Revenue $1,280,197

Investment Income $323

Other Revenue $537

TOTAL REVENUE $2,478,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,880

Fundraising Expenses $0

Program Expenses $2,085,746

Other Expenses $2,373,412

TOTAL EXPENSES $2,584,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,478,889	$2,682,473	-0.1%
Expenses	$2,584,292	$2,498,577	+0.0%
Net Income	$-105,403	$183,896	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$210,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND RAE	DIRECTOR	2.00	Director	$0	$0	$0
BRAD HILL	DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHAEL WILSON	DIRECTOR	2.00	Director	$0	$0	$0
ERICA JOHNSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
DENNIS SWOBODA	DIRECTOR	2.00	Director	$0	$0	$0
PAUL BARTUNEK	CHAIR	2.00	Director	$0	$0	$0
JAMES BURKE	VICE CHAIR	2.00	Director	$0	$0	$0
TODD LASH	DIRECTOR	2.00	Director	$0	$0	$0
SALVATORE CATALDI	DIRECTOR	2.00	Director	$0	$0	$0
ANDY MCMILLAN	PRESIDENT & MANAGING DIREC	35.00	Officer	$210,880	$0	$210,880

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,478,889	$2,584,292	$2,719,873	$-105,403
2022	$2,682,473	$2,498,577	$2,696,795	$183,896
2021	$1,938,205	$1,922,795	$2,498,215	$15,410
2020	$2,314,537	$2,026,297	$2,416,239	$288,240
2019	$2,191,916	$2,259,096	$2,152,223	$-67,180
2018	$2,353,942	$1,984,858	$2,217,656	$369,084

BACNET INTERNATIONAL INC