Builders Education Services & Training of Michigan (EIN 262164554) - 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

2015

Legal Domicile

Principal Officer

Dawn Crandall

Phone

5175823000

Tax Period

2024-12-01 to 2025-11-30

Builders Education Services & Training of Michigan, founded in 2015, is a small nonprofit in the Education sector that reported $409K in total revenue in fiscal year 2024. Revenue surged 1320% from the prior year, signaling strong growth momentum.

Mission

Raise awareness of skilled trades as a viable career option and promote workforce development withing the residential construction industry.

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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 (2024)

Revenue Breakdown

Contributions & Grants $408,995

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $408,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $442,630

Other Expenses $443,196

TOTAL EXPENSES $443,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,995	$28,794	+13.2%
Expenses	$443,196	$10,848	+39.9%
Net Income	$-34,201	$17,946	-2.9%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Hovestadt	President	1.00	Officer Director	$0	$0	$0
Robert Filka	Vice President	1.00	Officer Director	$0	$0	$0
Mike Tribble	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Jeff Grantham	Immediate Past President	1.00	Director	$0	$0	$0
Lee Greenacre	Director	1.00	Director	$0	$0	$0
Sarah Foster	Director	1.00	Director	$0	$0	$0
Jeremy Morgan	Director	1.00	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
2025	$408,995	$443,196	$17,414	$-34,201
2023	$2,055,761	$2,024,667	$37,169	$31,094

Builders Education Services & Training of Michigan