MINNESOTA CHAPTER OF ASSOCIATED BUILDERS AND CONTRACTORS INC

EIN: 411279236

EDEN PRAIRIE, MN

Total Revenue
$1,727,997
Total Expenses
$1,670,780
Total Assets
$2,031,363
Net Assets
$1,219,204
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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
1976
Legal Domicile
MN
Principal Officer
ADAM HANSON
Phone
9529418693
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA CHAPTER OF ASSOCIATED BUILDERS AND CONTRACTORS INC, founded in 1976, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 3% surplus.

Mission

TO PROMOTE COMPETITION AND FREE ENTERPRISE IN THE CONTRACTOR INDUSTRY IN MINNESOTA.

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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 $1,661,486
Investment Income $33,596
Other Revenue $32,915
TOTAL REVENUE $1,727,997

Expense Breakdown

Grants Paid $0
Salaries & Benefits $673,627
Fundraising Expenses $0
Other Expenses $997,153
TOTAL EXPENSES $1,670,780

Year-over-Year Comparison

2024 2023 Change
Revenue $1,727,997 $1,306,969 +0.3%
Expenses $1,670,780 $1,243,454 +0.3%
Net Income $57,217 $63,515 -0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
8
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
6
$176,959
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS RICE CHAIR 1.00
Officer Director
$0 $0 $0
KARL VON KNOBELSDORFF CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
DAVE ZAVORAL VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JASON LOVEN TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
JIM HARMON PAST-CHAIR 1.00
Officer Director
$0 $0 $0
TOM REVNEW CHAPTER COUNSEL 1.00
Director
$0 $0 $0
MIKE BAUER DIRECTOR 1.00
Director
$0 $0 $0
STEVE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
LESLIE JONES-VOGEL DIRECTOR 1.00
Director
$0 $0 $0
BRYCE MURPHY DIRECTOR 1.00
Director
$0 $0 $0
CORY PENZ DIRECTOR 1.00
Director
$0 $0 $0
ADAM HANSON PRESIDENT 40.00
Officer
$143,708 $33,251 $176,959
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 $1,727,997 $1,670,780 $2,031,363 $57,217
2023 $1,306,969 $1,243,454 $1,923,557 $63,515
2022 $1,167,835 $1,200,770 $1,823,655 $-32,935
2021 $1,049,206 $899,604 $1,867,606 $149,602
2020 $1,066,240 $989,276 $1,685,787 $76,964
2019 $1,071,404 $1,015,807 $1,494,806 $55,597
2018 $1,047,938 $1,000,221 $1,357,365 $47,717
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