Builders Exchange Inc

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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

1919

Legal Domicile

Principal Officer

Adam Foege

Phone

8043532788

Tax Period

2023-01-01 to 2023-12-31

Builders Exchange Inc, founded in 1919, is a micro nonprofit that reported $558 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $642K exceeded revenue, resulting in a 114927% operating deficit.

Mission

To provide its 500+ member firms news of new developments in Virginia's construction industry through the publication of a weekly bulletin listing construction projects with details for commercial, industrial and institutional public bidding activities in the private, state, local, VDOT, and federal sectors. To provide its members with the plans and specifications of the projects in the various sectors and additional related reference materials.

Program Service Accomplishments

Program 1

Copier Services - Copying services are provided to contractors & subcontractors for copying blueprints of construction sites & buildings.

Program 2

Bulletin distribution - weekly bulletins provide news about the construction industry.

Program 3

Educational programs - various educational programs related to the contruction industry are provided.

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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 $0

Investment Income $0

Other Revenue $558

TOTAL REVENUE $558

Expense Breakdown

Grants Paid $616,282

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,569

TOTAL EXPENSES $641,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$558	$628,232	-1.0%
Expenses	$641,851	$143,512	+3.5%
Net Income	$-641,293	$484,720	-2.3%

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

N/A

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 Foege	Treasurer	2.00	Officer	$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
2023	$558	$641,851	No data	$-641,293
2022	$628,232	$143,512	$641,293	$484,720
2021	$268,128	$340,184	$214,071	$-72,056
2020	$268,072	$409,520	$371,230	$-141,448
2020	$368,190	$396,411	$399,756	$-28,221
2019	$268,072	$409,520	$512,678	$-141,448
2018	$365,363	$415,975	$585,900	$-50,612