MINNESOTA BUILDERS EXCHANGE (EIN 410414430) - 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

1888

Legal Domicile

Principal Officer

DAVID SIEGEL

Phone

6123812620

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA BUILDERS EXCHANGE, founded in 1888, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE PROJECT INFORMATION AND NETWORKING OPPORTUNITIES TO FIRMS CONNECTED TO THE BUILDING 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 $1,637,990

Investment Income $115,677

Other Revenue $51,486

TOTAL REVENUE $1,805,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,105,126

Fundraising Expenses $0

Other Expenses $753,273

TOTAL EXPENSES $1,858,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,805,153	$1,723,099	+0.0%
Expenses	$1,858,399	$1,755,248	+0.1%
Net Income	$-53,246	$-32,149	+0.7%

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

$204,176

Total Directors

$204,176

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SIEGEL	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer Director	$178,820	$25,356	$204,176
DONALD O'CONNOR	EMPLOYEE	40.00	Highest	$124,823	$16,858	$141,681
MIKE CARLSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
HEIDI SEDLACEK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN KALLA	TREASURER	2.00	Officer Director	$0	$0	$0
GREG GRAZZINI	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID BRANDT	DIRECTOR	2.00	Director	$0	$0	$0
NATE SAPIK	DIRECTOR	2.00	Director	$0	$0	$0
SEAN OCHIS	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BOHRER	DIRECTOR	2.00	Director	$0	$0	$0
ALLIE BRADY	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS NIEMAND	DIRECTOR	2.00	Director	$0	$0	$0
CHUCK GEISLER	DIRECTOR	2.00	Director	$0	$0	$0
JASON RENTMEESTER	DIRECTOR	2.00	Director	$0	$0	$0
JASON DUVAL	DIRECTOR	2.00	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	$1,805,153	$1,858,399	$3,539,470	$-53,246
2023	$1,723,099	$1,755,248	$3,583,096	$-32,149
2022	$1,442,741	$1,646,445	$3,626,154	$-203,704
2021	$1,644,007	$1,477,897	$3,729,408	$166,110
2020	$1,460,099	$1,651,947	$3,534,683	$-191,848
2019	$1,813,388	$1,514,053	$3,748,545	$299,335
2018	$1,400,768	$1,395,927	$3,326,549	$4,841

MINNESOTA BUILDERS EXCHANGE