ASSOC BUILDERS & CONTRACTORS OF SE MICHIGAN (EIN 382400995) - 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

1971

Legal Domicile

Principal Officer

KEITH P LEDBETTER

Phone

2482983600

Tax Period

2024-01-01 to 2024-12-31

ASSOC BUILDERS & CONTRACTORS OF SE MICHIGAN, founded in 1971, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 8% surplus.

Mission

IN BUILDING AMERICA, THE ASSOCIATED BUILDERS AND CONTRACTORS WILL CONTINUE TO BE A PROMINENT TRADE ASSOCIATION WHICH WILL CHAMPION FREE ENTERPRISE, AND WILL BE A LEADER FOR POSITIVE CHANGE IN THE CONSTRUCTION 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,924,771

Investment Income $19,600

Other Revenue $138,199

TOTAL REVENUE $3,082,570

Expense Breakdown

Grants Paid $178,337

Salaries & Benefits $1,229,366

Fundraising Expenses $0

Other Expenses $1,436,604

TOTAL EXPENSES $2,844,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,082,570	$2,697,253	+0.1%
Expenses	$2,844,307	$2,524,636	+0.1%
Net Income	$238,263	$172,617	+0.4%

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

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

$555,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HOLSBEKE	CHAIRMAN	4.00	Officer Director	$0	$0	$0
ROBERT CLANCY	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
ADAM HARDING	SECRETARY	4.00	Officer Director	$0	$0	$0
ERIC FLESSLAND	TREASURER	4.00	Officer Director	$0	$0	$0
FRANK MAMAT	CHAPTER ATTORNEY	2.00	Director	$0	$0	$0
BRIDGET KEWIN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN TOWNSLEY	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MISARAS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS MALTESE	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE STARKE	DIRECTOR	2.00	Director	$0	$0	$0
LUKE BEACH	DIRECTOR	2.00	Director	$0	$0	$0
MARK WEATHERLY	DIRECTOR	2.00	Director	$0	$0	$0
MIKE PEAKE	DIRECTOR	2.00	Director	$0	$0	$0
STACY DEMERS	DIRECTOR	2.00	Director	$0	$0	$0
TAD MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
TOM CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
KEITH LEDBETTER	PRESIDENT & CEO	40.00	Officer	$239,400	$19,036	$258,436
DEANNA MORLEY	VICE PRESIDENT	40.00	Officer	$134,000	$15,796	$149,796
DAVID STAUDT	CFO	40.00	Officer	$124,000	$23,210	$147,210

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	$3,082,570	$2,844,307	$1,926,215	$238,263
2023	$2,697,253	$2,524,636	$1,240,710	$172,617
2022	$2,460,710	$3,069,366	$931,118	$-608,656
2021	$2,082,971	$1,935,623	$1,471,931	$147,348
2020	$1,859,082	$1,632,285	$1,066,896	$226,797
2019	$1,101,866	$1,169,161	$884,320	$-67,295
2018	$400,137	$402,983	$830,889	$-2,846

ASSOC BUILDERS & CONTRACTORS OF SE MICHIGAN