BUILDERS EXCHANGE OF THE KALAMAZOO AREA INC (EIN 381644258) - 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

1960

Principal Officer

AARON HOVESTADT

Phone

2693492507

Tax Period

2023-01-01 to 2023-12-31

BUILDERS EXCHANGE OF THE KALAMAZOO AREA INC, founded in 1960, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 110% operating deficit.

Mission

TO PROVIDE REPRESENTATIVES OF AREA CONTRACTORS, SUBCONTRACTORS, SUPPLIERS, AND MANUFACTURERES A CENTRAL LOCATION TO REVIEW PROJECT BID DOCUMENTS.

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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 $94,575

Program Service Revenue $13,026

Investment Income $17

Other Revenue $-5,248

TOTAL REVENUE $102,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,367

Fundraising Expenses $0

Other Expenses $103,412

TOTAL EXPENSES $214,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,370	$138,775	-0.3%
Expenses	$214,779	$181,578	+0.2%
Net Income	$-112,409	$-42,803	+1.6%

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

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

$7,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA CAREY	PAST DIRECTO	40.00	Officer	$7,660	$0	$7,660
AARON HOVESTADT	DIRECTOR	20.00	Officer Director	$0	$0	$0
TOM ROBERTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLE BUYTENDORP	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL PATRIDGE	TREASURER	1.00	Officer Director	$0	$0	$0
DUSTIN VIDMAR	DUSTIN VIDMA	1.00	Officer Director	$0	$0	$0
REBECCA MITCHELL	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
2024	No data	No data	No data	No data
2023	$102,370	$214,779	$240,543	$-112,409
2022	$138,775	$181,578	$347,436	$-42,803
2021	$121,039	$159,021	$419,019	$-37,982
2020	$146,636	$167,000	$447,229	$-20,364
2019	$143,559	$157,366	$468,395	$-13,807
2018	$140,192	$152,839	$482,835	$-12,647

BUILDERS EXCHANGE OF THE KALAMAZOO AREA INC