BUILDERS EXCHANGE OF NORTHWEST MICHIGAN (EIN 381611992) - 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

1951

Legal Domicile

Principal Officer

JIM ROSE

Phone

2319465531

Tax Period

2023-01-01 to 2023-12-31

BUILDERS EXCHANGE OF NORTHWEST MICHIGAN, founded in 1951, is a small nonprofit that reported $411K in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A PLAN ROOM FOR MEMBERS TO PUBLISH PERIODIC BULLETINS REGARDING JOBS AVAILABLE AND TO PROVIDE OTHER TRADE INFORMATION AND SERVICES TO ITS MEMBERS IN THE GRAND TRAVERSE AREA

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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 $0

Program Service Revenue $253,299

Investment Income $5,041

Other Revenue $152,777

TOTAL REVENUE $411,117

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $206,189

Fundraising Expenses $0

Program Expenses $1,436

Other Expenses $231,149

TOTAL EXPENSES $445,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$411,117	$203,385	+1.0%
Expenses	$445,338	$174,336	+1.6%
Net Income	$-34,221	$29,049	-2.2%

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

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

Total Directors

$80,439

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM ROSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON HORTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEELY TROMBLY	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA NOVACK	TREASURER/GOLF	1.00	Officer Director	$0	$0	$0
GLENNA WOOD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DUDLEY	DIRECTOR	1.00	Director	$0	$0	$0
JERRY TOMCZAK	DIRECTOR	1.00	Director	$0	$0	$0
TED NELSON	DIRECTOR	1.00	Director	$0	$0	$0
RYAN FEDORINCHIK	DIRECTOR	1.00	Director	$0	$0	$0
LISA LEEDY	EXECUTIVE DIRECTOR	1.00	Director	$80,439	$0	$80,439

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
2023	$411,117	$445,338	$292,760	$-34,221
2022	$306,384	$326,917	$292,034	$-20,533
2022	$203,385	$174,336	$337,806	$29,049
2021	$314,102	$286,503	$327,726	$27,599

BUILDERS EXCHANGE OF NORTHWEST MICHIGAN