Builders Exchange Inc

EIN: 540154950

Henrico, VA

Total Revenue
$558
Total Expenses
$641,851
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
VA
Principal Officer
Adam Foege
Phone
8043532788
Tax Period
2023-01-01 to 2023-12-31

Builders Exchange Inc, founded in 1919, is a small nonprofit that reported $365K in total revenue in fiscal year 2018. Expenses of $416K exceeded revenue, resulting in a 14% operating deficit.

Mission

To provide its member firms news of new developments in Virginia's construction industry and also provide members with plans and specifications of projects in various sectors.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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