ASSOCIATED BUILDERS & CONTRACTORS INC

EIN: 386087670

GRAND RAPIDS, MI

Total Revenue
$2,682,128
Total Expenses
$3,011,015
Total Assets
$3,042,898
Net Assets
$1,378,109
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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
1956
Legal Domicile
MI
Principal Officer
GREG GEORGE
Phone
6169429960
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATED BUILDERS & CONTRACTORS INC, founded in 1956, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ENCOURAGE, DEVELOP AND PROTECT THE BUILDING AND CONSTRUCTION INDUSTRIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,239,253
Investment Income $3,619
Other Revenue $439,256
TOTAL REVENUE $2,682,128

Expense Breakdown

Grants Paid $0
Salaries & Benefits $978,832
Fundraising Expenses $0
Other Expenses $2,032,183
TOTAL EXPENSES $3,011,015

Year-over-Year Comparison

2023 2022 Change
Revenue $2,682,128 $2,373,805 +0.1%
Expenses $3,011,015 $2,244,634 +0.3%
Net Income $-328,887 $129,171 -3.5%
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

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Governance

Voting Members
18
Independent Members
18
Employees
29
Volunteers
200

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
5
$310,594
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG GEORGE PRESIDENT-CEO 40.00
Officer
$148,304 $5,932 $154,236
JENNIFER SCHOTTKE PRESIDENT - WMCI 40.00
Officer
$145,723 $10,635 $156,358
NICK NYKERK CHAIR 1.00
Officer Director
$0 $0 $0
TIM KOSTER TREASURER 1.00
Officer Director
$0 $0 $0
BEN HAMMOND SECRETARY 1.00
Officer Director
$0 $0 $0
JENNY WAUGH CHAIR ELECT 1.00
Director
$0 $0 $0
ANDREW RENER DIRECTOR 1.00
Director
$0 $0 $0
BYRNE HARMON DIRECTOR 1.00
Director
$0 $0 $0
CARROLL BURGESS DIRECTOR 1.00
Director
$0 $0 $0
JACOB KULHANEK DIRECTOR 1.00
Director
$0 $0 $0
JERRY CARDINAL DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN THRUN DIRECTOR 1.00
Director
$0 $0 $0
NATE HEYBOER DIRECTOR 1.00
Director
$0 $0 $0
RYAN DYKHOUSE DIRECTOR 1.00
Director
$0 $0 $0
STEVE HUIZINGA DIRECTOR 1.00
Director
$0 $0 $0
TOM MCGOVERN DIRECTOR 1.00
Director
$0 $0 $0
MATT FENNEMA DIRECTOR 1.00
Director
$0 $0 $0
JOE NOVAKOSKI DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER SANFORD DIRECTOR 1.00
Director
$0 $0 $0
JEFF SCHIPPER 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 $2,682,128 $3,011,015 $3,042,898 $-328,887
2022 $2,373,805 $2,244,634 $3,467,695 $129,171
2021 $2,026,181 $2,800,159 $2,680,866 $-773,978
2020 $2,685,187 $1,803,373 $3,494,790 $881,814
2019 $2,388,262 $2,432,575 $2,402,731 $-44,313
2018 $2,111,728 $2,024,269 $2,567,424 $87,459
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