BUILDING OWNERS AND MANAGERS ASSOC… - Form 990 Financial Data

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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

1902

Legal Domicile

Principal Officer

NANCY CAPADONA

Phone

3128709600

Tax Period

2024-01-01 to 2024-12-31

BUILDING OWNERS AND MANAGERS ASSOCIATION OF CHICAGO, founded in 1902, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE WELFARE AND ADVANCE THE INTERESTS OF THE OFFICE BUILDING INDUSTRY THROUGH LEADERSHIP, ADVOCACY, EDUCATION, RESEARCH, INFORMATION AND PROFESSIONAL DEVELOPMENT.

Program Service Accomplishments

Program 1

SERVICES ARE PERFORMED FOR THE OFFICE BUILDING INDUSTRY AT CITY ANDSTATE LEVELS. SERVICES INCLUDE ASSISTING IN COLLECTIVE BARGAINING WITHUNIONS INVOLVED IN THE BUILDING INDUSTRY AND PROMOTING THE...

SERVICES ARE PERFORMED FOR THE OFFICE BUILDING INDUSTRY AT CITY ANDSTATE LEVELS. SERVICES INCLUDE ASSISTING IN COLLECTIVE BARGAINING WITHUNIONS INVOLVED IN THE BUILDING INDUSTRY AND PROMOTING THE BESTINTERESTS OF THE OFFICE BUILDING INDUSTRY. SERVICES ARE PERFORMEDTHROUGH LEADERSHIP, ADVOCACY, EDUCATION, RESEARCH,, INFORMATION ANDPROFESSIONAL DEVELOPMENT.

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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 $355,923

Program Service Revenue $2,674,375

Investment Income $100,848

Other Revenue $14,233

TOTAL REVENUE $3,145,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,566,198

Fundraising Expenses $0

Other Expenses $1,730,519

TOTAL EXPENSES $3,296,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,145,379	$3,152,781	0.0%
Expenses	$3,296,717	$3,215,990	+0.0%
Net Income	$-151,338	$-63,209	+1.4%

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

305

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

$360,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBY O'ROURKE	DIRECTOR (NEW AFTER 11/21/24)	0.40	Director	$0	$0	$0
CHUCK WAGENER	DIRECTOR (THROUGH 11/21/24)	0.40	Director	$0	$0	$0
COLLEEN SCHMIEGE	DIRECTOR	0.40	Director	$0	$0	$0
DAVID HOPWOOD	DIRECTOR	0.40	Director	$0	$0	$0
DENYSE PINS FRANZESE	DIRECTOR	0.40	Director	$0	$0	$0
DERRICK JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
GARY MICHON	DIRECTOR (THROUGH 7/11/24)	0.40	Director	$0	$0	$0
GRAHAM GRADY	DIRECTOR	0.40	Director	$0	$0	$0
KATE GUERCIO	DIRECTOR	0.40	Director	$0	$0	$0
KRISTI RANKIN	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
LANCE KNEZ	DIRECTOR	0.40	Director	$0	$0	$0
MEG HANLEY	DIRECTOR	0.40	Director	$0	$0	$0
MICAH LARMIE	DIRECTOR	0.40	Director	$0	$0	$0
MICHAEL GIESE	TREASURER	0.40	Officer Director	$0	$0	$0
NANCY CAPADONA	DIRECTOR/ VICE PRES. THROUGH 11/21/24	0.40	Officer Director	$0	$0	$0
PATRICK CARUSO	DIRECTOR	0.40	Director	$0	$0	$0
PHILLIP STAFFORD	DIRECTOR/PRESIDENT THROUGH 11/21/24	2.00	Officer Director	$0	$0	$0
STEPHEN SISE	DIRECTOR	0.40	Director	$0	$0	$0
SUZANNE HENDRICK	DIRECTOR	0.40	Director	$0	$0	$0
TJ BROOKOVER	DIRECTOR	0.40	Director	$0	$0	$0
TAMALA BALLARD	DIRECTOR	0.40	Director	$0	$0	$0
TERRI MAURER	DIRECTOR	0.40	Director	$0	$0	$0
VIVIAN OROZCO	DIRECTOR (THROUGH 11/21/24)	0.40	Director	$0	$0	$0
WADE ROGERS	DIRECTOR	0.40	Director	$0	$0	$0
FARZIN PARANG	EXECUTIVE DIRECTOR & SECRETARY	40.00	Officer	$308,215	$52,585	$360,800
AMY MASTERS WOOD	DIRECTOR OF GOVERNMENT & EXTERNAL AFFAIRS	40.00	Highest	$186,200	$28,128	$214,328
BETH HALAT	DIRECTOR OF MEMBER SERVICE	40.00	Highest	$130,100	$24,726	$154,826
JACLYNNE MADDEN	DIRECTOR OF EDUCATION	40.00	Highest	$124,800	$24,240	$149,040
PAUL JOST	DIRECTOR OF ACCOUNTING & FINANCE	40.00	Highest	$140,389	$34,106	$174,495
ROB JOHNSON	DIRECTOR OF CIVIC ENGAGEME	40.00	Highest	$163,115	$43,354	$206,469

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	$3,145,379	$3,296,717	$2,979,046	$-151,338
2023	$3,152,781	$3,215,990	$3,166,929	$-63,209
2022	$3,229,018	$2,904,501	$1,912,331	$324,517
2021	$2,903,504	$2,897,980	$1,459,387	$5,524
2020	$2,567,223	$2,801,870	$1,870,263	$-234,647
2019	$2,948,379	$2,923,199	$2,022,731	$25,180
2018	$2,863,875	$2,867,760	$1,749,804	$-3,885

BUILDING OWNERS AND MANAGERS ASSOCIATION OF CHICAGO