MINNESOTA BUILDERS EXCHANGE

EIN: 410414430

MINNEAPOLIS, MN

Total Revenue
$1,805,153
Total Expenses
$1,858,399
Total Assets
$3,539,470
Net Assets
$2,322,485
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1888
Legal Domicile
MN
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 DESIGN AND OFFER PROGRAMS THAT WILL ASSIST COMPANIES IN THE CONSTRUCTION INDUSTRY AND THEIR EMPLOYEES TO GROW THROUGH THE EXCHANGE OF PLANS, SHARING OF KNOWLEDGE AND CREATION OF POWERFUL INDUSTRY CONNECTIONS. THROUGH ACHIEVEMENT OF THIS MISSION, MBEX ENSURES A VIBRANT AND INCLUSIVE CONSTRUCTION INDUSTRY THAT COLLABORATIVELY, SAFELY AND SUSTAINABLY BUILDS UPPER MIDWEST COMMUNITIES.

Program Service Accomplishments

Program 1

PROVIDE INFORMATION VIA VIRTUAL PLAN ROOM TO GIVE COMMERCIAL CONTRACTORS WHAT THEY NEED TO PROVIDE BIDS AND ESTIMATIONS ON PROJECTS ACROSS THE REGION TO PUBLIC PLAN HOLDERS.

Program 2

SHARE KNOWLEDGE THROUGH TWICE A YEAR MAGAZINE, WEEKLY ENEWSLETTER, ANNUAL DIRECTORY AND VIRTUAL AND IN-PERSON EDUCATIONAL OFFERINGS.

Program 3

PROVIDE NETWORKING OPPORTUNITIES TO CREATE POWERFUL CONNECTIONS VIA ACTIVITIES SUCH AS GOLF TOURNAMENTS, SPORTING CLAYS, MEMBER MIXERS, PARKING LOT BARBECUE AND REGIONAL SOCIAL EVENTS.

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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 $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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Governance

Voting Members
14
Independent Members
14
Employees
12
Volunteers
60

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
$204,176
Total Directors
14
$204,176
Key Employees
0
$0
Highest Compensated
1
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
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