ASSET BUILDERS OF AMERICA INC

EIN: 392005260 501(c)(3) Education

MADISON, WI

Total Revenue
$312,794
Total Expenses
$271,817
Total Assets
$716,326
Net Assets
$688,928
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
WI
Principal Officer
RICHARD ENTENMANN
Phone
6086636332
Tax Period
2024-01-01 to 2024-12-31

ASSET BUILDERS OF AMERICA INC, founded in 1999, is a small nonprofit in the Education sector that reported $313K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $272K left a modest 13% surplus.

Mission

PROMOTE AND IMPLEMENT WEALTH-BUILDING STRATEGIES FOR LOW- TO MODERATE-INCOME ADULTS AND YOUTH; PROVIDE INTELLECTUAL AND FINANCIAL OPPORTUNITIES THAT DEVELOP A WEALTH-BUILDING CAPACITY AMONG INDIVIDUALS AND COMMUNITIES, THEREBY ENHANCING THEIR QUALITY OF LIFE; ADD VALUE AND SUPPORT TO THE EFFORTS OF OTHER ORGANIZATIONS, THROUGH ASSISTANCE WITH MARKETING AND OUTREACH SERVICES, THAT ARE INVOLVED IN ECONOMIC AND FINANCIAL LITERACY EFFORTS; PROMOTE NETWORKING OPPORTUNITIES AMONG INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS CONCERNED WITH ECONOMIC AND FINANCIAL LITERACY; PROVIDE PROFESSIONAL LEADERSHIP TO URBAN COMMUNITIES AND OTHER INTERESTED PARTIES IN EVALUATING ECONOMIC AND FINANCIAL EDUCATION OPTIONS; AND BUILD CONSENSUS ON ISSUES RELATED TO ECONOMIC AND FINANCIAL EDUCATION THAT WILL BENEFIT THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $307,033
Program Service Revenue $3,625
Investment Income $2,136
Other Revenue $0
TOTAL REVENUE $312,794

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,366
Fundraising Expenses $33,483
Program Expenses $182,307
Other Expenses $147,451
TOTAL EXPENSES $271,817

Year-over-Year Comparison

2024 2023 Change
Revenue $312,794 $481,986 -0.4%
Expenses $271,817 $247,456 +0.1%
Net Income $40,977 $234,530 -0.8%
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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Governance

Voting Members
13
Independent Members
12
Employees
1
Volunteers
250

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
6
$115,528
Total Directors
14
$115,528
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD ENTENMANN EXECUTIVE DIRECTOR 40.00
Officer Director
$108,249 $7,279 $115,528
PAM ANDERSON CHAIRMAN (THRU FEB)/DIRECTOR 1.00
Officer Director
$0 $0 $0
SCOTT BEYER CHAIRMAN (BEG MARCH) 1.00
Officer Director
$0 $0 $0
ERIC CHRISTIANSEN SECRETARY 1.00
Officer Director
$0 $0 $0
STEVEN DEVOUGAS DIRECTOR 1.00
Director
$0 $0 $0
ERIN BYKOWSKI DIRECTOR 1.00
Director
$0 $0 $0
LEANN EDDINGSAAS DIRECTOR 1.00
Director
$0 $0 $0
STEVE VALE DIRECTOR 1.00
Director
$0 $0 $0
JOE MCNEIL DIRECTOR 1.00
Director
$0 $0 $0
TIM BARTHEL TREASURER 1.00
Officer Director
$0 $0 $0
COLLEEN WOGGON VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
MATT MOORE DIRECTOR 1.00
Director
$0 $0 $0
JIM KUBEK DIRECTOR 1.00
Director
$0 $0 $0
NAFESSA BURDINE DIRECTOR (THRU OCT) 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 $312,794 $271,817 $716,326 $40,977
2023 $481,986 $247,456 $598,851 $234,530
2022 $245,974 $245,694 $320,302 $280
2021 $309,250 $227,769 $318,700 $81,481
2020 $241,553 $243,646 $249,164 $-2,093
2019 $275,758 $276,725 $237,178 $-967
2018 $371,588 $225,270 $227,502 $146,318
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