INDIANA BUILDERS ASSOCIATION INC

EIN: 350920058

INDIANAPOLIS, IN

Total Revenue
$1,156,968
Total Expenses
$752,864
Total Assets
$3,047,634
Net Assets
$3,041,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
IN
Principal Officer
RICK WAJDA
Phone
3179171100
Tax Period
2023-01-01 to 2023-12-31

INDIANA BUILDERS ASSOCIATION INC, founded in 1952, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $404K, a strong 35% operating margin.

Mission

TO EDUCATE THE CONSTRUCTION AND HOME BUILDING 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $635,286
Program Service Revenue $89,828
Investment Income $320,325
Other Revenue $111,529
TOTAL REVENUE $1,156,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $309,302
Fundraising Expenses $0
Other Expenses $443,562
TOTAL EXPENSES $752,864

Year-over-Year Comparison

2023 2022 Change
Revenue $1,156,968 $1,084,478 +0.1%
Expenses $752,864 $1,211,341 -0.4%
Net Income $404,104 $-126,863 -4.2%
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

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Governance

Voting Members
32
Independent Members
N/A
Employees
4
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
12
$356,908
Total Directors
31
$0
Key Employees
1
$356,908
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RIC ZEHR PRESIDENT 1.00
Officer Director
$0 $0 $0
KENNY REINBRECHT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RYAN BAKER TREASURER 1.00
Officer Director
$0 $0 $0
MARCY DESHONG SECRETARY 1.00
Officer Director
$0 $0 $0
PAUL SCHWINGHAMMER BOARD MEMBER 0.50
Officer Director
$0 $0 $0
FRANK RHOADES PARLIAMENTARIAN 1.00
Officer Director
$0 $0 $0
GREG FURNISH BOARD MEMBER 0.50
Director
$0 $0 $0
GREGORY GERBERS ASSOCIATE AREA VP 0.50
Officer Director
$0 $0 $0
TIM ECKERT ASSOCIATE AREA VP 0.50
Officer Director
$0 $0 $0
JACOB JULIUS ASSOCIATE AREA VP 0.50
Officer Director
$0 $0 $0
HEATH VAN NATTER IBA NATIONAL DIRECTOR 1.00
Officer Director
$0 $0 $0
LINDA ROGERS PAST PRESIDENTS COUNCIL 0.50
Officer Director
$0 $0 $0
BRAD PERSOHN BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE ZEHNER BOARD MEMBER 0.50
Director
$0 $0 $0
TODD MEIER BOARD MEMBER 0.50
Director
$0 $0 $0
RICK E WAJDA CHIEF EXECUTIVE OFFICER 50.00
Officer Key Emp Highest
$306,000 $50,908 $356,908
LOGAN BUESCHER BOARD MEMBER 0.50
Director
$0 $0 $0
JULIA MOORE BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREW BRINDLEY BOARD MEMBER 0.50
Director
$0 $0 $0
STEVE SCHRECKENGAST BOARD MEMBER 0.50
Director
$0 $0 $0
BOB MICUNEK BOARD MEMBER 0.50
Director
$0 $0 $0
RYAN HODSKINS BOARD MEMBER 0.50
Director
$0 $0 $0
DJ TAVERNIER BOARD MEMBER 0.50
Director
$0 $0 $0
HANK KIDWELL BOARD MEMBER 0.50
Director
$0 $0 $0
LISA COX BOARD MEMBER 0.50
Director
$0 $0 $0
RYAN KENNEDY BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTIAN RECTOR BOARD MEMBER 0.50
Director
$0 $0 $0
LOU SALGE BOARD MEMBER 0.50
Director
$0 $0 $0
JIM PRESSEL BOARD MEMBER 0.50
Director
$0 $0 $0
BOB PENROSE BOARD MEMBER 0.50
Director
$0 $0 $0
MARY ELLIS BOARD MEMBER 0.50
Director
$0 $0 $0
BRETT HARTER BOARD MEMBER 0.50
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 $1,156,968 $752,864 $3,047,634 $404,104
2022 $1,084,478 $1,211,341 $2,774,671 $-126,863
2021 $1,473,724 $934,069 $3,603,279 $539,655
2020 $1,008,278 $923,742 $3,114,581 $84,536
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