DULUTH BUILDERS EXCHANGE (EIN 410225840) - 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

1902

Legal Domicile

Principal Officer

DON O'CONNOR

Phone

2187222836

Tax Period

2019-01-01 to 2019-11-01

DULUTH BUILDERS EXCHANGE, founded in 1902, is a small nonprofit that reported $691K in total revenue in fiscal year 2019. Revenue surged 244% from the prior year, signaling strong growth momentum. Expenses of $911K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROMOTE LEGITIMATE INTERESTS OF 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $174,651

Investment Income $530,963

Other Revenue $-14,629

TOTAL REVENUE $690,985

Expense Breakdown

Grants Paid $530,030

Salaries & Benefits $262,069

Fundraising Expenses $0

Other Expenses $119,193

TOTAL EXPENSES $911,292

Year-over-Year Comparison

	2019	2018	Change
Revenue	$690,985	$200,775	+2.4%
Expenses	$911,292	$291,228	+2.1%
Net Income	$-220,307	$-90,453	+1.4%

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

$95,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE FRANZEN	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
PAT GALLAGHER	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
JUDY KONKLER	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
LANCE LINDAHL	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
NATE SAPIK	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
CHAD SCOTT	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
TOM SIMONSON	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
PAUL WINSHIP	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
PAUL ZWAK	DIRECTOR (THRU OCTOBER)	2.00	Director	$0	$0	$0
STEVE JOHNSON	PRESIDENT (THRU OCTOBER)	2.00	Officer Director	$0	$0	$0
MICHAEL CARLSON	VICE PRESIDENT (THRU OCTOBER)	2.00	Officer Director	$0	$0	$0
KIRK ILENDA	TREASURER (THRU OCTOBER)	2.00	Officer Director	$0	$0	$0
DON O'CONNOR	EXECUTIVE DIRECTOR (THRU OCTOBER)	50.00	Officer	$86,791	$8,679	$95,470

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
2019	$690,985	$911,292	No data	$-220,307
2018	$200,775	$291,228	$753,302	$-90,453

DULUTH BUILDERS EXCHANGE