THE BUILDING INDUSTRY ASSOCIATION … - 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

1978

Legal Domicile

Principal Officer

ROBERT LEE

Phone

3606714247

Tax Period

2023-01-01 to 2023-12-31

THE BUILDING INDUSTRY ASSOCIATION OF WHATCOM COUNTY, founded in 1978, is a small nonprofit that reported $794K in total revenue in fiscal year 2023.

Mission

THE BUILDING INDUSTRY ASSOCIATION OF WHATCOM COUNTY ADVOCATES FOR HOME OWNERSHIP AND SERVES AS THE VOICE FOR OUR INDUSTRY IN WHATCOM COUNTY.

Program Service Accomplishments

Program 1

HEALTH INSURANCE ASSISTANCE AND RETURN ON INDUSTRIAL INSURANCE (ROII) PROGRAM - MEMBERS CAN OBTAIN A COMPETITIVE HEALTH INSURANCE PLAN THROUGH THE ASSOCIATION'S STATEWIDE HEALTH TRUST. THE ROII...

HEALTH INSURANCE ASSISTANCE AND RETURN ON INDUSTRIAL INSURANCE (ROII) PROGRAM - MEMBERS CAN OBTAIN A COMPETITIVE HEALTH INSURANCE PLAN THROUGH THE ASSOCIATION'S STATEWIDE HEALTH TRUST. THE ROII SELECT PROGRAM ALLOWS MEMBER COMPANIES TO EARN SOME OF THEIR WORKMAN'S COMPENSATION PREMIUMS BACK WHEN THEY RUN A SAFE, INJURY-FREE OPERATION.

Program 2

ANNUAL HOME AND GARDEN SHOW - THIS EVENT, THE ASSOCIATON'S LARGEST PUBLIC SERVICE EVENT OF THE YEAR, PROVIDES A SHOWCASE FOR ALL THINGS LOCAL RESIDENTS LOVE ABOUT THEIR HOMES. FOR THREE DAYS, LOCAL EXPERTS PROVIDE FREE EDUCATIONAL SEMINARS, AND VENDORS OFFER THEIR EXPERTISE, SERVICES AND PRODUCTS TO ANY CURIOUS VISITOR.

Program 3

GOVERNMENTAL AFFAIRS - AS CHAMPIONS OF HOME OWNERSHIP, THE ASSOCIATION REPRESENTS AND SERVES AS THE VOICE FOR THE BUILDING INDUSTRY IN WHATCOM COUNTY BY PROMOTING THE INDUSTRY.

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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 $81,676

Program Service Revenue $613,988

Investment Income $4,216

Other Revenue $94,351

TOTAL REVENUE $794,231

Expense Breakdown

Grants Paid $24,408

Salaries & Benefits $380,793

Fundraising Expenses $0

Other Expenses $399,802

TOTAL EXPENSES $805,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$794,231	$741,051	+0.1%
Expenses	$805,003	$574,648	+0.4%
Net Income	$-10,772	$166,403	-1.1%

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

$119,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN DUNNE	PRESIDENT	5.00	Officer Director	$0	$0	$0
BEN HANCOCK	TREASURER	5.00	Officer Director	$0	$0	$0
DOMINIC MOCERI	SECRETARY	5.00	Officer Director	$0	$0	$0
CHAD SCHMITT	FIRST VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID SIMPSON	MEMBER AT LARGE	5.00	Director	$0	$0	$0
SCOTT ISENHART	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID EDELSTEIN	LIFE DIRECTOR	5.00	Director	$0	$0	$0
DICK SKEERS	LIFE DIRECTOR	5.00	Director	$0	$0	$0
CRAIG PARKINSON	BOARD MEMBER	5.00	Director	$0	$0	$0
HILLARY PRITCHARD	BOARD MEMBER	5.00	Director	$0	$0	$0
CHRIS KNUDSEN	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF MORRISON	BOARD MEMBER	5.00	Director	$0	$0	$0
CHAD BARRON	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM HULBERT	BOARD MEMBER	5.00	Director	$0	$0	$0
CHARLY MYERS	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT LEE	EXECUTIVE DIRECTOR	50.00	Officer	$109,037	$10,274	$119,311

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	$794,231	$805,003	$1,817,654	$-10,772
2022	$741,051	$574,648	$1,986,864	$166,403
2021	$619,853	$558,285	$1,856,189	$61,568
2020	$692,665	$791,041	$1,742,818	$-98,376
2019	$786,205	$729,085	$1,983,362	$57,120
2018	$758,664	$647,080	$1,966,424	$111,584

THE BUILDING INDUSTRY ASSOCIATION OF WHATCOM COUNTY