BUILDING OWNERS AND MANAGERS ASSOC… - Form 990 Financial Data

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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

1912

Legal Domicile

Principal Officer

RODNEY S KAUFFMAN

Phone

2066228924

Tax Period

2024-01-01 to 2024-12-31

BUILDING OWNERS AND MANAGERS ASSOC OF SEATTLE & KING COUNTY, founded in 1912, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE ADVOCACY, EDUCATION AND TRAINING TO OWNERS AND MANAGERS AND PROVIDE A FORUM TO EXCHANGE IDEAS AND DISCUSS ISSUES FACING THE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $980,735 Revenue: $165,510

CONTINUING EDUCATION FOR MEMBER OWNERS AND MANAGERS.

Program 2

Expenses: $157,243

ADVOCATING ON BEHALF OF MEMBERS TO SUPPORT THE CONCERNS OF OWNERS AND MANAGERS.

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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 $1,338,428

Program Service Revenue $181,218

Investment Income $29,382

Other Revenue $134,056

TOTAL REVENUE $1,683,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,805

Fundraising Expenses $0

Program Expenses $1,137,978

Other Expenses $933,034

TOTAL EXPENSES $1,706,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,683,084	$1,618,380	+0.0%
Expenses	$1,706,839	$1,651,289	+0.0%
Net Income	$-23,755	$-32,909	-0.3%

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

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

$375,834

Total Directors

$267,873

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY S KAUFFMAN	PRESIDENT	40.00	Officer Director	$237,612	$29,761	$267,373
CORINA TANIGUCHI	DIR. OF OPER	40.00	Highest	$109,001	$22,044	$131,045
MEGAN FURSTENBERG	MANAGER OF A	40.00	Officer	$87,444	$20,517	$107,961
MARGARET WEBB	TREASURER	1.25	Officer Director	$500	$0	$500
AMY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
KIM BERG	PAST CHAIR	1.25	Officer Director	$0	$0	$0
DEREK COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE DORSETT	CHAIR - ELEC	1.25	Officer Director	$0	$0	$0
RICK HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK HENNESSY	DIRECTOR	1.00	Director	$0	$0	$0
ERIK JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LOFTIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN MACE	DIRECTOR	1.00	Director	$0	$0	$0
JOE MALASPINO	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY MCPHERSON	DIRECTOR	1.00	Director	$0	$0	$0
DENICE MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
CARLY MOORMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICK NEWELL	VICE CHAIR	1.25	Officer Director	$0	$0	$0
MEGAN OSEBROCK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN PENN	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE ROETHEL	INDUSTRY PTN	1.25	Officer Director	$0	$0	$0
PHILLIP SCOTT	CHAIR	1.25	Officer Director	$0	$0	$0
LIZA SKORUPSKI	DIRECTOR	1.00	Director	$0	$0	$0
COLEEN SPRATT	ADVOCACY CHA	1.25	Officer Director	$0	$0	$0
SHANNON TIEGS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA UUSITALO	VICE CHAIR	1.25	Officer Director	$0	$0	$0
EARL WAYMAN	DIRECTOR	1.00	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	$1,683,084	$1,706,839	$2,241,304	$-23,755
2023	$1,618,380	$1,651,289	$2,283,409	$-32,909
2022	$1,495,129	$1,462,065	$1,218,768	$33,064
2021	$1,499,763	$1,397,759	$1,124,627	$102,004
2020	$1,416,138	$1,273,822	$1,075,329	$142,316
2019	$1,464,990	$1,404,852	$887,329	$60,138
2018	$1,325,341	$1,298,547	$823,377	$26,794

BUILDING OWNERS AND MANAGERS ASSOC OF SEATTLE & KING COUNTY