BUILDING INDUSTRY HEALTH PLAN OF T… - 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

1986

Legal Domicile

Phone

7012325846

Tax Period

2024-04-01 to 2025-03-31

BUILDING INDUSTRY HEALTH PLAN OF THE RED RIVER VALLEY, founded in 1986, is a mid-sized nonprofit that reported $45.2M in total revenue in fiscal year 2024. Expenses of $40.9M left a modest 9% surplus.

Mission

PROVISION OF HEALTH BENEFITS TO THE EMPLOYEES AND THEIR DEPENDENTS OF THE MEMBERS OF THE BUILDING INDUSTRY ASSOCIATION OF THE RED RIVER VALLEY.

Program Service Accomplishments

Program 1

PAYMENTS TO BLUE CROSS AND BLUE SHIELD OF ND AND OTHER RELATED EXPENSES FOR THE PROVISION OF HEALTH BENEFITS FOR ALL OF THE PARTICIPANTS IN THE HEALTH PLAN AND THEIR DEPENDENTS. THERE WERE 4,916...

PAYMENTS TO BLUE CROSS AND BLUE SHIELD OF ND AND OTHER RELATED EXPENSES FOR THE PROVISION OF HEALTH BENEFITS FOR ALL OF THE PARTICIPANTS IN THE HEALTH PLAN AND THEIR DEPENDENTS. THERE WERE 4,916 UNIQUE PARTICIPANTS AT THE END OF THE YEAR.

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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 $0

Program Service Revenue $44,808,499

Investment Income $401,277

Other Revenue $0

TOTAL REVENUE $45,209,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,221,946

TOTAL EXPENSES $40,944,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,209,776	$46,975,862	0.0%
Expenses	$40,944,934	$43,267,349	-0.1%
Net Income	$4,264,842	$3,708,513	+0.2%

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

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

$144,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN FRISCH	CHAIR	0.25	Officer Director	$0	$0	$0
CASEY JACKSON	SECRETARY	0.25	Officer Director	$0	$0	$0
JANA BYE	TRUSTEE	0.25	Director	$0	$0	$0
KENT HEIMARK	TRUSTEE	0.25	Director	$0	$0	$0
GENE THURSTON	TRUSTEE	0.25	Director	$0	$0	$0
MANDI YURECKO	TRUSTEE	0.25	Director	$0	$0	$0
BILL ROTHMAN	TRUSTEE (HBA PAST PRESIDEN	0.25	Director	$0	$0	$0
ADAM OLSON	PRESIDENT	0.25	Director	$0	$0	$0
BRYCE JOHNSON	ADMINISTRATOR	1.50	Officer	$0	$20,230	$144,706

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	$45,209,776	$40,944,934	$28,549,946	$4,264,842
2024	$46,975,862	$43,267,349	$26,768,645	$3,708,513
2023	$41,372,321	$40,234,200	$22,669,960	$1,138,121
2022	$39,978,984	$38,423,618	$23,139,066	$1,555,366
2021	$38,254,110	$36,270,197	$21,551,755	$1,983,913
2020	$38,823,412	$38,447,286	$16,801,743	$376,126
2019	$36,554,019	$38,255,874	$19,429,034	$-1,701,855

BUILDING INDUSTRY HEALTH PLAN OF THE RED RIVER VALLEY