Building a Better Economy (EIN 833939983) - 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

2019

Legal Domicile

Principal Officer

Russel Richter

Phone

5173749100

Tax Period

2024-01-01 to 2024-12-31

Building a Better Economy, founded in 2019, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 370% from the prior year, signaling strong growth momentum.

Mission

Building A Better Economy is a Section 501(c)(4) non-profit Michigan corporation whose purpose is to support public policies on the federal, state, and local levels, that will bring about civic betterments and social improvements to Michigan residents.

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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 $1,509,275

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,509,275

Expense Breakdown

Grants Paid $282,000

Salaries & Benefits $0

Fundraising Expenses $39,103

Program Expenses $1,450,539

Other Expenses $1,332,736

TOTAL EXPENSES $1,653,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,509,275	$321,059	+3.7%
Expenses	$1,653,839	$158,994	+9.4%
Net Income	$-144,564	$162,065	-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

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
RUSSEL RICHTER	President	1.00	Officer Director	$0	$0	$0
PAUL CORDES	Vice President	1.00	Officer Director	$0	$0	$0
Jason Gillikin	Secretary/Treas	1.00	Officer Director	$0	$0	$0
Renae Moore	Asst Secretary	1.00	Officer	$0	$0	$0
ALLISON CHOREY	Asst Treasurer	1.00	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	No data	No data	No data	No data
2024	$1,509,275	$1,653,839	$79,315	$-144,564
2023	$321,059	$158,994	$223,849	$162,065
2022	$1,481,374	$1,639,244	$61,784	$-157,870
2022	$1,481,374	$1,639,244	$61,784	$-157,870
2021	$221,889	$25,458	$219,654	$196,431

Building a Better Economy