BUILDERS ASSOCIATION OF MINNESOTA (EIN 416172655) - 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

1987

Legal Domicile

Principal Officer

GRACE KELIHER

Phone

6516467959

Tax Period

2023-01-01 to 2023-12-31

BUILDERS ASSOCIATION OF MINNESOTA, founded in 1987, is a small nonprofit that reported $334K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $407K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ADVANCE AND PROTECT THE WELFARE OF THE HOUSING INDUSTRY, TO ENCOURAGE THE CONTINUAL IMPROVEMENT OF BUILDING TECHNIQUES AND PRACTICES AND TO ASSOCIATE INDIVIDUALS AND FIRMS FOR THE PURPOSES OF MUTUAL ADVANTAGE AND CO-OPERATION.

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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 $263,141

Investment Income $65,082

Other Revenue $5,658

TOTAL REVENUE $333,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,824

Fundraising Expenses $0

Other Expenses $236,458

TOTAL EXPENSES $407,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,881	$287,373	+0.2%
Expenses	$407,282	$367,974	+0.1%
Net Income	$-73,401	$-80,601	-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

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

$125,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCGUINE	PRESIDENT	5.00	Officer Director	$0	$0	$0
HOWIE ZETAH	BUILDER VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DALE JUNTENEN	PRESIDENT ELECT	3.00	Officer Director	$0	$0	$0
JODY KEPPERS	PAST PRESIDENT	1.00	Director	$0	$0	$0
JEAN DEWITZ	PRESIDENT APPOINTEE	1.00	Officer Director	$0	$0	$0
NICK OLSON	TREASURER	2.00	Officer Director	$0	$0	$0
KEN BUSH	SECRETARY	3.00	Officer Director	$0	$0	$0
STEVE NOBLE	SENIOR BUILD PAC TRUSTEE	3.00	Director	$0	$0	$0
LEN PRATT	BUILD PAC TRUSTEE	1.00	Director	$0	$0	$0
KURT WELKER	NAHB REP	1.00	Director	$0	$0	$0
GRACE KELIHER	EXECUTIVE VICE PRESIDENT	40.00	Officer	$125,250	$0	$125,250

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	$333,881	$407,282	$892,538	$-73,401
2022	$287,373	$367,974	$984,823	$-80,601
2021	$372,345	$335,176	$818,421	$37,169
2020	$482,421	$394,077	$581,350	$88,344
2019	$382,584	$409,690	$498,011	$-27,106
2018	$446,571	$473,001	$522,012	$-26,430

BUILDERS ASSOCIATION OF MINNESOTA