ROCHESTER AREA BUILDERS INC (EIN 410798316) - 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

1953

Legal Domicile

Principal Officer

ADAM GIANNINI

Phone

5072827698

Tax Period

2023-01-01 to 2023-12-31

ROCHESTER AREA BUILDERS INC, founded in 1953, is a small nonprofit that reported $934K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $827K left a modest 11% surplus.

Mission

ROCHESTER AREA BUILDERS, INC. IS A PROFESSIONAL ORGANIZATION ESTABLISHED IN 1953 CONSISTING OF BUSINESSES INVOLVED IN CONSTRUCTION AND ALL ASPECTS OF HOME IMPROVEMENT THROUGHOUT ROCHESTER, MN AND ALL OF SOUTHEASTERN MINNESOTA. WE ARE COMMITTED TO PROFESSIONALISM WITHIN THE BUILDING AND HOME IMPROVEMENT INDUSTRIES AND TO PROVIDING THE COMMUNITY WITH THE INFORMATION NEEDED IN ORDER TO MAKE SOUND DECISIONS IN HOME BUILDING, COMMERCIAL CONSTRUCTION, REMODELING, RENOVATION AND HOME IMPROVEMENT. AS ROCHESTER MINNESOTA'S AND SOUTHEASTERN MINNESOTA'S LEADER IN CONSTRUCTION, REMODELING AND HOME IMPROVEMENT, RAB STRIVES TO BENEFIT OUR MEMBERS IN THE PROFESSIONAL GROWTH OF THEIR BUSINESSES THROUGH PARTICIPATION, ADVOCACY, EDUCATION, AND COMMUNITY INVOLVEMENT. ROCHESTER AREA BUILDERS ALSO SERVES AS A RESOURCE FOR THE ROCHESTER, MN AREA COMMUNITY BY PROVIDING EDUCATION ABOUT QUALITY BUILDING PRACTICES. FOR OUR MEMBERS: WE PROVIDE VALUABLE MEMBER BENEFITS, COMMITTEES, EVENTS, AND ACCESS TO OUR STAFF

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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 $725,618

Investment Income $-3,881

Other Revenue $212,116

TOTAL REVENUE $933,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,416

Fundraising Expenses $0

Other Expenses $582,837

TOTAL EXPENSES $827,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$933,853	$645,599	+0.4%
Expenses	$827,253	$765,891	+0.1%
Net Income	$106,600	$-120,292	-1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM GIANNINI	PRESIDENT	2.00	Officer	$0	$0	$0
AUSTIN RYAN	VICE-PRESIDE	2.00	Officer	$0	$0	$0
AARON THOMPSON	TREASURER	2.00	Officer	$0	$0	$0
KELSEY VASZILY	SECRETARY	2.00	Officer	$0	$0	$0
JASON SCRIMSHAW	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA BARBOUR	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY MOE	DIRECTOR	2.00	Director	$0	$0	$0
KALEB STEVENS	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY KELLER	DIRECTOR	2.00	Director	$0	$0	$0
VANESSA HINES	DIRECTOR	2.00	Director	$0	$0	$0
JARETT JONES	DIRECTOR	2.00	Director	$0	$0	$0
JULIE HERRARA-LEMLER	DIRECTOR	2.00	Director	$0	$0	$0
JOE WEST	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HUS	DIRECTOR	2.00	Director	$0	$0	$0
LEVI KAISER	DIRECTOR	2.00	Director	$0	$0	$0
NIKI BIRKHOLZ	DIRECTOR	2.00	Director	$0	$0	$0
MARK WELCH	DIRECTOR	2.00	Director	$0	$0	$0
JOE FERRARO	DIRECTOR	2.00	Director	$0	$0	$0
DYLAN MUSGJERD	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	No data	No data	No data	No data
2023	$933,853	$827,253	$1,087,543	$106,600
2022	$645,599	$765,891	$1,901,217	$-120,292
2021	$749,194	$775,170	$1,613,820	$-25,976
2020	$767,956	$750,350	$1,215,327	$17,606
2019	$745,570	$779,520	$1,310,108	$-33,950
2018	$816,866	$800,066	$1,235,908	$16,800

ROCHESTER AREA BUILDERS INC