BUILDOUT CALIFORNIA

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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

2020

Legal Domicile

Principal Officer

Paul Pendergast

Phone

4156068100

Tax Period

2023-01-01 to 2023-12-31

BUILDOUT CALIFORNIA, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $290K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $336K exceeded revenue, resulting in a 16% operating deficit.

Mission

ADVOCATES FOR LESBIAN/GAY/TRANSGENDER (LGBT) BUSINESSES AND OUR ALLIES,AT EVERY LEVEL OF GOVERNMENT AND BUSINESS AFFAIRS. CONVENES A CROSSSECTION OF THE DIVERSE LGBT BUSINESS COMMUNITY, AND ALLIES, SUCCESSFULBUSINESSES AND WINNING COMPETITIVELY BID CONTRACTS IN THREE DISTINCTAREAS: 1) CONNECTING LGBT OWNED/CERTIFIED FIRMS, AND ALLIES, WITH KEYDECISION MAKERS WITHIN THE PROCUREMENT PIPELINE WHO ARAE BUILDINGWINNING TEAMS FOR CONTRACT PURSUITS AND THE APPROPRIATE ENTITIES WHOARE ISSUING CONTRACTS FOR BIDDING; 2) ADVOCATING FOR ECONOMIC EQUALITYAT THE LOCAL, STATE AND NATIONAL LEVELS AS IT RELATES TO LGBTBUSINESSES, AND ALLIES, IN THE CONSTRUCTION SERVICES INDUSTRIES; AND 3)PROVIDING RELEVANT, CUSTOMIZED, ONE-ON-ONE TECHNICAL ASSISTANCE SO THATLGBT BUSINESSES, AND ALLIES, CAN MORE EFFECTIVELY COMPETE FOR CONTRACTOPPORTUNITIES (PRE-AWARD) AND THEN ENSURE THAT ONCE SUCCESSFUL, THEFIRM HAS THE SUPPORT IT NEEDS (POST-AWARD) TO SUCCESSFULLY DELIVER THECONTRACT WHILE BUILDING ECONOMIC VITALITY,

Program Service Accomplishments

Program 1

Expenses: $260,011

Connected LGBT owned/certified firms, and allies, with key decision makers within the procurement pipeline who are building winning teams for contract pursuits and the appropriate entities who are...

Connected LGBT owned/certified firms, and allies, with key decision makers within the procurement pipeline who are building winning teams for contract pursuits and the appropriate entities who are issuing contracts for bidding. Hosted the largest conference for LGBT/Allied firms in the global built community with over 675 guests/attendees. Hosted over 21 golden pitches highlighting LGBT/allied firms who showcased their qualification and capacity. Interacted with over 34 A&E/construction industry associations on a global level.

Program 2

Expenses: $37,666

Provided customized, one-on-one technical assistance so that LGBT businesses, and our allies can more effectively compete for contract opportunities (pre-award) and then ensure that once successful, the firm has the support it needs (post-award) to successfully deliver the contract while building economic vitality, job creation and profitability. Have now actively engaged with 6,581 professionals and entrepreneurs and communicate with each on a weekly basis.

Program 3

Expenses: $9,574

Continued advocacy for Economic Equality for the California Public Utilities Commission setting a 1.5 LGBT aspirational utilization goal for LGBT certified firms in 2023. Organized aspirational...

Continued advocacy for Economic Equality for the California Public Utilities Commission setting a 1.5 LGBT aspirational utilization goal for LGBT certified firms in 2023. Organized aspirational collaborations with key government agencies at the local, state and federal levels.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,254

Program Service Revenue $257,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $289,754

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $307,251

Other Expenses $328,112

TOTAL EXPENSES $335,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,754	$396,102	-0.3%
Expenses	$335,612	$393,046	-0.1%
Net Income	$-45,858	$3,056	-16.0%

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
Paul Pendergast	President	21.25	Officer Director	$0	$0	$0
Rick Hobbs Seeley	Vice President	1.20	Officer Director	$0	$0	$0
Sandra Escalante	Secretary	12.00	Officer Director	$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
2023	$289,754	$335,612	$95	$-45,858
2022	$396,102	$393,046	$3,056	$3,056
2021	$166,752	$161,751	$5,001	$5,001