MANATEE SARASOTA BUILDING INDUSTRY ASSOCIATION INC (EIN 592402912) - 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

1984

Legal Domicile

Principal Officer

JON MAST

Phone

9419074133

Tax Period

2024-01-01 to 2024-12-31

MANATEE SARASOTA BUILDING INDUSTRY ASSOCIATION INC, founded in 1984, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO SERVE ITS MEMBERS BY STRIVING FOR A SUCCESSFUL BUILDING ENVIRONMENT TO PROVIDE SAFE AND AFFORDABLE HOUSING IN MANATEE & SARASOTA COUNTIES BY OFFERING PROGRAMS AND SERVICES TO ASSOCIATE BUILDERS AND RELATED FIELDS AND TO ENHANCE THEIR PROFESSIONALISM AND COMMUNITY LEADERSHIP.

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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 $167,795

Program Service Revenue $648,758

Investment Income $17,725

Other Revenue $241,647

TOTAL REVENUE $1,075,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,994

Fundraising Expenses $185,870

Other Expenses $684,698

TOTAL EXPENSES $1,131,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,075,925	$826,298	+0.3%
Expenses	$1,131,692	$825,697	+0.4%
Net Income	$-55,767	$601	-93.8%

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

N/A

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
RAYMOND TURNER	Treasurer	0.00	Officer Director	$0	$0	$0
ROBERT CLOSE	President	0.00	Officer Director	$0	$0	$0
JOHN CARLSON	Vice President	0.00	Officer Director	$0	$0	$0
GREGG CARLSON	PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
JON MAST	CEO	50.00	Officer	$0	$0	$0
DAVE TRUXTON	Secretary	0.00	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	$1,075,925	$1,131,692	$755,879	$-55,767
2023	$826,298	$825,697	$667,329	$601
2022	$841,008	$828,068	$649,430	$12,940
2021	$859,995	$1,105,907	$511,590	$-245,912
2020	$790,934	$814,538	$752,142	$-23,604
2019	$895,987	$906,819	$629,289	$-10,832
2018	$892,567	$939,180	$629,902	$-46,613

MANATEE SARASOTA BUILDING INDUSTRY ASSOCIATION INC