NORTH STATE BUILDING INDUSTRY FOUNDATION (EIN 260772414) - 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

2007

Legal Domicile

Principal Officer

TIMOTHY MURPHY

Phone

9166775717

Tax Period

2023-01-01 to 2023-12-31

NORTH STATE BUILDING INDUSTRY FOUNDATION, founded in 2007, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 6% surplus.

Mission

IN 2023, THE ORGANIZATION FULFILLED ITS MISSION TO TRAIN, UPSKILL AND PLACE PEOPLE INTO HOMEBUILDING ROLES BY TRAINING OVER 200 INDIVDUALS FOR THE HOMEBUILDING INDUSTRY AND PLACING 50% INTO THE INDUSTRY. THIS ALLOWS US TO CONTINUE TO REDUCE THE SKILLS GAP IN THE CONSTRUCTION WORKFORCE.

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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 $1,079,223

Program Service Revenue $408,590

Investment Income $2,311

Other Revenue $14,257

TOTAL REVENUE $1,504,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $768,595

Fundraising Expenses $8,094

Program Expenses $1,004,635

Other Expenses $638,278

TOTAL EXPENSES $1,406,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,504,381	$1,251,758	+0.2%
Expenses	$1,406,873	$1,163,389	+0.2%
Net Income	$97,508	$88,369	+0.1%

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

Volunteers

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

$482,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINCOLN LEAMAN	CHAIR	2.00	Officer Director	$0	$0	$0
CHELSEA RICHARDSON	VICE CHAIR & TREASURER	2.00	Officer Director	$0	$0	$0
DUDLEY MALLINSON	SECRETARY	2.00	Officer Director	$0	$0	$0
CINDY MITCHELL	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
ANN BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BLACK	DIRECTOR	1.00	Director	$0	$0	$0
LANDON CAPAGLI	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PANASITI	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MOTHERAL	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SETZER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN STUART	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MCPHETRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
ED PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
CLIFTON TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STRECH	PRESIDENT/CEO (THRU 10/31/23)	4.00	Officer	$0	$22,730	$364,227
JENNIFER POFF	EXECUTIVE DIRECTOR	40.00	Officer	$113,600	$4,385	$117,985

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	$1,504,381	$1,406,873	$445,103	$97,508
2022	$1,251,758	$1,163,389	$409,703	$88,369
2021	$983,732	$858,467	$340,098	$125,265
2020	$837,092	$740,144	$144,162	$96,948
2019	$602,787	$706,618	$47,708	$-103,831
2018	$920,258	$872,668	$88,310	$47,590

NORTH STATE BUILDING INDUSTRY FOUNDATION