BUILDERS AND CONTRACTORS EXCHANGE INCORPORATED

EIN: 540154940

NORFOLK, VA

Total Revenue
$538,419
Total Expenses
$511,979
Total Assets
$1,092,451
Net Assets
$1,092,451
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
VA
Principal Officer
PAUL HAVELES
Phone
7578580680
Tax Period
2024-01-01 to 2024-12-31

BUILDERS AND CONTRACTORS EXCHANGE INCORPORATED, founded in 1908, is a small nonprofit that reported $538K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $512K left a modest 5% surplus.

Mission

THIS EXCHANGE PROVIDES THE BUILDING AND CONSTRUCTION INDUSTRY RELEVANT SERVICES AND INFORMATION TO MEMBERS THROUGH PERIODICALS, WEB-BASED AND OTHER ELECTRONIC MEANS.

Program Service Accomplishments

Program 1

MEMBER SERVICES - TO IMPROVE BUSINESS CONDITIONS, COOPERATION AND GOODWILL IN THE CONSTRUCTION INDUSTRY IN VIRGINIA, AND TO ENHANCE THE HUMAN, INTELLECTUAL AND PHYSICAL ASSETS OF THE CONSTRUCTION...

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MEMBER SERVICES - TO IMPROVE BUSINESS CONDITIONS, COOPERATION AND GOODWILL IN THE CONSTRUCTION INDUSTRY IN VIRGINIA, AND TO ENHANCE THE HUMAN, INTELLECTUAL AND PHYSICAL ASSETS OF THE CONSTRUCTION INDUSTRY IN VIRGINIA THROUGH ADVOCACY, EDUCATION, RESEARCH, STANDARDS AND INFORMATION. THIS INCLUDES, BUT IS NOT LIMITED TO, COOPERATION WITH OTHER GROUPS, ASSOCIATIONS, OR PROFESSIONAL SOCIETIES EXISTING, OR FORMED FOR LIKE PURPOSES, ANNOUNCEMENT OF NEW DEVELOPMENTS IN THE INDUSTRY, AND PROVISION OF ACCESS TO PLANS, SPECIFICATIONS AND OTHER INFORMATION FOR CONSTRUCTION PROJECTS.

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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 $494,006
Program Service Revenue $-7,296
Investment Income $49,494
Other Revenue $2,215
TOTAL REVENUE $538,419

Expense Breakdown

Grants Paid $2,250
Salaries & Benefits $394,171
Fundraising Expenses $6,916
Other Expenses $115,558
TOTAL EXPENSES $511,979

Year-over-Year Comparison

2024 2023 Change
Revenue $538,419 $497,843 +0.1%
Expenses $511,979 $472,732 +0.1%
Net Income $26,440 $25,111 +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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Governance

Voting Members
11
Independent Members
11
Employees
8
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
6
$86,192
Total Directors
11
$86,192
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL HAVELES EXECUTIVE DI 40.00
Officer Director
$86,192 $0 $86,192
JUSTIN BALLARD DIRECTOR N/A
Director
$0 $0 $0
JEFFREY L CASH 2ND VICE PRE N/A
Officer Director
$0 $0 $0
TOM GRESHAM DIRECTOR N/A
Director
$0 $0 $0
DANIEL J GRYGO PRESIDENT N/A
Officer Director
$0 $0 $0
ED JOST 1ST VICE PRE N/A
Officer Director
$0 $0 $0
MICHAEL P KELLAM DIRECTOR N/A
Director
$0 $0 $0
KIM KENDZORA DIRECTOR N/A
Director
$0 $0 $0
MICHAEL L STERLING 3RD VICE PRE N/A
Officer Director
$0 $0 $0
BRIAN STRANGWAYS TREASURER N/A
Officer Director
$0 $0 $0
MORGAN WELLS DIRECTOR N/A
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 $538,419 $511,979 $1,092,451 $26,440
2023 $497,843 $472,732 $1,066,011 $25,111
2022 $404,223 $468,179 $1,130,682 $-63,956
2021 $520,991 $524,061 $1,194,638 $-3,070
2020 $591,440 $522,918 $1,197,708 $68,522
2019 $663,651 $553,712 $1,129,186 $109,939
2018 $461,113 $548,553 $1,019,247 $-87,440
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