Foundation for Building

EIN: 850463453 501(c)(3) Education

Albuquerque, NM

Total Revenue
$460,878
Total Expenses
$262,979
Total Assets
$1,494,407
Net Assets
$1,490,569
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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
1999
Legal Domicile
NM
Principal Officer
James Folkman
Phone
5054000864
Tax Period
2024-01-01 to 2024-12-31

Foundation for Building, founded in 1999, is a small nonprofit in the Education sector that reported $461K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $198K, a strong 43% operating margin.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $303
Program Service Revenue $307,955
Investment Income $69,963
Other Revenue $82,657
TOTAL REVENUE $460,878

Expense Breakdown

Grants Paid $0
Salaries & Benefits $35,988
Fundraising Expenses $0
Program Expenses $262,979
Other Expenses $226,991
TOTAL EXPENSES $262,979

Year-over-Year Comparison

2024 2023 Change
Revenue $460,878 $367,375 +0.3%
Expenses $262,979 $243,529 +0.1%
Net Income $197,899 $123,846 +0.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
1
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
4
$61,257
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Folkman PresidentExec Director 25.00
Officer
$33,333 $0 $33,333
Steve Hale Treasurer 25.00
Officer
$27,924 $0 $27,924
Lora Vassar Secretary 1.00
Officer
$0 $0 $0
Robin Ribble-Harder Vice President 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 $460,878 $262,979 $1,494,407 $197,899
2023 $367,375 $243,529 $1,331,688 $123,846
2022 $232,463 $221,075 $1,173,150 $11,388
2021 $357,937 $239,350 $1,158,129 $118,587
2020 $414,615 $229,692 $1,041,109 $184,923
2019 $365,832 $148,348 $856,424 $217,484
2018 $257,836 $159,461 $636,442 $98,375
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