FORX BUILDERS ASSOCIATION (EIN 450355339) - 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

1974

Legal Domicile

Principal Officer

KATIE BOESPFLUG

Phone

7017464536

Tax Period

2024-01-01 to 2024-12-31

FORX BUILDERS ASSOCIATION, founded in 1974, is a small nonprofit that reported $122K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO ADDRESS THE BUILDING REQUIREMENTS, INTERESTS AND EDUCATION OF OUR MEMBERSHIP IN ORDER TO PROVIDE QUALITY CONSTRUCTION TO CONSUMERS IN NORTHEAST NORTH DAKOTA AND NORTHWEST 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,121

Program Service Revenue $12,965

Investment Income $122

Other Revenue $8,966

TOTAL REVENUE $122,174

Expense Breakdown

Grants Paid $120

Salaries & Benefits $54,086

Fundraising Expenses $0

Other Expenses $113,844

TOTAL EXPENSES $168,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,174	$221,808	-0.4%
Expenses	$168,050	$237,476	-0.3%
Net Income	$-45,876	$-15,668	+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

$49,590

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE SALWEY	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ADRIAN CUMMINGS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NICK CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA LINK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CASEY BORKOWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRAVIS DAHLIN	DIRECTOR	1.00	Director	$0	$0	$0
DELAYNE WOJCIECHOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN KESTER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
KATIE BOESPFLUG	EXECUTIVE OFFICER (START APRIL 2024)	40.00	Officer	$41,173	$0	$41,173
DYLAN YOUNG	EXECUTIVE OFFICER (LEFT FEB 2024)	40.00	Officer	$7,011	$1,406	$8,417

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	$122,174	$168,050	$106,941	$-45,876
2023	$221,808	$237,476	$168,598	$-15,668
2022	$164,065	$203,950	$354,595	$-39,885
2021	$195,729	$153,260	$426,812	$42,469
2020	$105,774	$161,975	$345,522	$-56,201
2019	$161,904	$205,370	$392,862	$-43,466
2018	$160,758	$191,029	$706,377	$-30,271

FORX BUILDERS ASSOCIATION