BUILDERS HARDWARE MANUFACTURERS ASSOCIATION INC (EIN 060602255) - 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

1925

Legal Domicile

Principal Officer

TIM WELLER

Phone

2122972122

Tax Period

2023-01-01 to 2023-12-31

BUILDERS HARDWARE MANUFACTURERS ASSOCIATION INC, founded in 1925, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROTECT AND SECURE THE WELFARE, SAFETY AND COMMON GOOD OF THE GENERAL PUBLIC. TO MONITOR SIGNIFICANT ACTIONS BY GOVERNMENTAL AUTHORITIES AND CODE BODIES WHICH MAY IMPACT UPON THE BUILDERS HARDWARE INDUSTRY. TO ENGAGE IN TECHNICAL AND OTHER COOPERATIVE EFFORTS TO IMPROVE INDUSTRY PRODUCTS. TO WORK JOINTLY WITH INDUSTRY LEADERS INVOLVED IN HARDWARE, SECURITY, DOOR AND SAFETY AND CONTINUE LEADING THE INDUSTRY'S PROACTIVE ACTIONS. TO EDUCATE AND PROMOTE THE USE OF PRODUCTS OF THE BUILDERS HARDWARE INDUSTRY INCLUDING ANSI/BHMA STANDARDS AND PRODUCTS THAT HAVE PASSED THIRD PARTY TESTING AS PER THE BHMA CERTIFIED PRODUCT DIRECTORY.

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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 $752,231

Program Service Revenue $779,426

Investment Income $5,515

Other Revenue $0

TOTAL REVENUE $1,537,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,643,176

TOTAL EXPENSES $1,643,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,537,172	$1,294,502	+0.2%
Expenses	$1,643,176	$1,632,244	+0.0%
Net Income	$-106,004	$-337,742	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MARK BLOOM	PRESIDENT	Officer Director	$0	$0	$0
TIM WELLER	1ST VICE PRESIDENT	Officer Director	$0	$0	$0
JUSTIN CROTZER	2ND VICE PRESIDENT	Officer Director	$0	$0	$0
JOHN CRINGOLE	PAST PRESIDENT	Officer Director	$0	$0	$0
SCOTT JAMES	DIRECTOR	Director	$0	$0	$0
ROBERT STRONG	DIRECTOR	Director	$0	$0	$0
ERNIE MITCHELL	DIRECTOR	Director	$0	$0	$0
DICK KREIDEL	DIRECTOR	Director	$0	$0	$0
MARK BERGER	DIRECTOR	Director	$0	$0	$0
MARK MCRAE	DIRECTOR	Director	$0	$0	$0

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	$1,537,172	$1,643,176	$740,421	$-106,004
2022	$1,294,502	$1,632,244	$832,868	$-337,742
2021	$1,370,844	$1,387,592	$1,184,470	$-16,748
2020	$1,260,630	$1,313,556	$1,328,769	$-52,926
2019	$1,319,634	$1,430,000	$1,262,981	$-110,366
2018	$1,271,481	$1,308,335	$1,353,561	$-36,854

BUILDERS HARDWARE MANUFACTURERS ASSOCIATION INC