MODULAR BUILDING INSTITUTE

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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

1984

Legal Domicile

Principal Officer

THOMAS E HARDIMAN

Phone

4342963288

Tax Period

2024-01-01 to 2024-12-31

MODULAR BUILDING INSTITUTE, founded in 1984, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

FOR THE ORGANIZATION'S MISSION.

Program Service Accomplishments

Program 1

THE INSTITUTE SEEKS TO EXPAND THE OVERALL MARKET SHARE FOR MODULAR CONSTRUCTION BY REMOVING BARRIERS THAT LIMIT INDUSTRY GROWTH AS WELL AS THROUGH OUTREACH AND EDUCATION EFFORTS TO PROMOTE THE...

THE INSTITUTE SEEKS TO EXPAND THE OVERALL MARKET SHARE FOR MODULAR CONSTRUCTION BY REMOVING BARRIERS THAT LIMIT INDUSTRY GROWTH AS WELL AS THROUGH OUTREACH AND EDUCATION EFFORTS TO PROMOTE THE ADVANTAGES OF MODULAR CONSTRUCTION. MEMBERS OF BOTH THE RELOCATABLE BUILDINGS DIVISION AND THE PERMANENT MODULAR CONSTRUCTION DIVISION HAVE THE OPPORTUNITY TO PARTICIPATE IN VARIOUS BUSINESS DEVELOPMENT OFFERINGS AND TO HELP INFLUENCE THE REGULATORY CLIMATE. THE INSTITUTE HOSTS THE WORLD OF MODULAR ANNUAL CONVENTION AND TRADE SHOW THAT PROVIDES A PLACE FOR OVER 750 INDUSTRY PROFESSIONALS TO NETWORK WITH AND LEARN FROM INDUSTRY EXPERTS FROM AROUND THE WORLD, EXCHANGE IDEAS, AND DISPLAY NEW FACTORY-BUILT STRUCTURES. IN ADDITION, THE INSTITUTE'S SEALS PROGRAM IS THE COMMERCIAL MODULAR INDUSTRY'S ONLY LABELING PROGRAM DEDICATED TO PROMOTING HIGH STANDARDS OF HONESTY, INTEGRITY, PROFESSIONAL SERVICE, AND CONDUCT. THE SEALS PROVIDE MEMBERS WITH A VISIBLE SIGN OF THEIR COMMITMENT TO THE INSTITUTE'S CODE OF ETHICS AND CONDUCT.

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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 $0

Program Service Revenue $4,693,778

Investment Income $33,043

Other Revenue $0

TOTAL REVENUE $4,726,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,797,616

TOTAL EXPENSES $4,797,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,726,821	$4,267,053	+0.1%
Expenses	$4,797,616	$4,191,696	+0.1%
Net Income	$-70,795	$75,357	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK WALEN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN BUONGIORNO	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN SHANG	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MATTHEW SLATAPER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM GABRIEL	SECRETARY	1.00	Officer Director	$0	$0	$0
KENT ANDERSON	TREASURER	1.00	Officer Director	$0	$0	$0
TED REDMOND	MEMBER	1.00	Director	$0	$0	$0
BRUNA RAFAELA XAVIER	MEMBER	1.00	Director	$0	$0	$0
DOUG ROBINSON	MEMBER	1.00	Director	$0	$0	$0
JIM DUNN	MEMBER	1.00	Director	$0	$0	$0
JUSTIN MORRIS	MEMBER	1.00	Director	$0	$0	$0
SCOTT BRIDGER	MEMBER	1.00	Director	$0	$0	$0
STUART EMMONS	MEMBER	1.00	Director	$0	$0	$0
JEFF MOATES	MEMBER	1.00	Director	$0	$0	$0
MARTHA TRELA	MEMBER	1.00	Director	$0	$0	$0
EWELINA WOZNIAK	MEMBER	1.00	Director	$0	$0	$0
COOPER LANE	MEMBER	1.00	Director	$0	$0	$0
SARA ANN LOGAN	MEMBER	1.00	Director	$0	$0	$0
BOSTJAN JEVSEK	MEMBER	1.00	Director	$0	$0	$0
THOMAS E HARDIMAN	EXECUTIVE DI	40.00	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
2024	$4,726,821	$4,797,616	$3,130,283	$-70,795
2023	$4,267,053	$4,191,696	$3,013,161	$75,357
2022	$3,171,696	$2,869,605	$2,678,733	$302,091
2021	$1,866,624	$2,119,296	$2,058,716	$-252,672
2020	$2,732,778	$2,793,641	$1,857,428	$-60,863
2019	$2,677,614	$2,424,828	$2,373,963	$252,786
2018	$2,252,733	$1,957,392	$2,124,410	$295,341