ASSOCIATED BUILDERS & CONTRACTORS … - 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

1956

Legal Domicile

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

ABC WILL CONTINUALLY STRIVE TO BE THE LEADING VOICE PROMOTING FREE ENTERPRISE WITHIN THE CONSTRUCTION INDUSTRY. ABC WILL PROMOTE AND DEFEND THE MERIT SHOP PHILOSOPHY. THIS PHILOSOPHY ENCOURAGES OPEN COMPETITION AND A FREE-ENTERPRISE APPROACH TO CONSTRUCTION BASED SOLELY ON MERIT, REGARDLESS OF LABOR AFFILIATION.

Program Service Accomplishments

Program 1

EXCELLENCE IN CONSTRUCTION AWARDS PROGRAM: TO PROMOTE AND RECOGNIZE QUALITY CONSTRUCTION. THE NUMBER OF PERSONS BENEFITED WAS 425.

Program 2

MEMBERSHIP ACTIVITIES: TO PROMOTE BUSINESS RELATIONSHIPS AMONG MEMBERS THROUGH MEMBERSHIP MEETINGS, LEADERSHIP DEVELOPMENT AND MIOSHA MEETINGS. THE NUMBER OF PERSONS BENEFITED WAS APPROXIMATELY 2,550.

Program 3

MERIT SHOP ACTION FUND: PROVIDES THE MEMBERSHIP WITH SUPPORT FOR LEGAL EXPENSES AND PROMOTES THE BUSINESS OF THE ASSOCIATION AND ITS MEMBERS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$310,594

Total Directors

Key Employees

Highest Compensated

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

ASSOCIATED BUILDERS & CONTRACTORS INC