BUILDING OWNERS & MANAGERS ASSOCIA… - 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

1915

Legal Domicile

Principal Officer

TONYA BURNS

Phone

2136292662

Tax Period

2023-01-01 to 2023-12-31

BUILDING OWNERS & MANAGERS ASSOCIATION OF GREATER LOS ANGELES, founded in 1915, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE VALUE IN COMMERCIAL REAL ESTATE IN THE GREATER LOS ANGELES AREA THROUGH ADVOCACY, EDUCATION AND NETWORKINGS.

Program Service Accomplishments

Program 1

TO ENHANCE VALUE IN COMMERCIAL REAL ESTATE IN THE GREATER LOS ANGELES AREA THROUGH ADVOCACY, EDUCATION AND NETWORKING.

Program 2

MEMBERSHIP- GOAL FOR MEMBERSHIP IS TO SUPPLY BUILDING OWNERS, PROPERTY MANAGERS, AND SERVICE PROVIDERS FOR COMMERCIAL REAL ESTATE AND ORGANIZATIONS WHERE THEY CAN CONTINUE TO LEARN, UPDATE AND...

MEMBERSHIP- GOAL FOR MEMBERSHIP IS TO SUPPLY BUILDING OWNERS, PROPERTY MANAGERS, AND SERVICE PROVIDERS FOR COMMERCIAL REAL ESTATE AND ORGANIZATIONS WHERE THEY CAN CONTINUE TO LEARN, UPDATE AND NETWORK WITH THEIR PEERS. THE ASSOCIATION HAD OVER 400 MEMBERS IN 2021.

Program 3

PROFESSIONAL DEVELOPMENT- OUR PROFESSIONAL DEVELOPMENT PORTION OF THE ASSOCIATION IS TO PROVIDE UP TO DATE PERTINENT INFORMATION IN THE COMMERCIAL REAL ESTATE INDUSTRY. THIS INCLUDES DESIGNATION...

PROFESSIONAL DEVELOPMENT- OUR PROFESSIONAL DEVELOPMENT PORTION OF THE ASSOCIATION IS TO PROVIDE UP TO DATE PERTINENT INFORMATION IN THE COMMERCIAL REAL ESTATE INDUSTRY. THIS INCLUDES DESIGNATION CLASSES THAT PROVIDE A DESIGNATION TO THOSE WISHING TO CONTINUE THEIR EDUCATION, REGIONAL EVENTS THAT DEAL WITH EVERYDAY TENANT / OWNER TOPICS, A TRADE SHOW FOR SERVICE PROVIDERS TO NETWORK WITH THE PROPERTY OWNERS AND MANAGERS OF THE ASSOCIATION FOR BUSINESS DEVELOPMENT. THE ASSOCIATION HELD MULIPLE PROFESSIONAL AND NETWORKING EVENTS IN 2021.

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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 $0

Program Service Revenue $2,246,761

Investment Income $11,908

Other Revenue $150,871

TOTAL REVENUE $2,409,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,292,364

Fundraising Expenses $0

Other Expenses $1,196,970

TOTAL EXPENSES $2,489,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,409,540	$1,792,712	+0.3%
Expenses	$2,489,334	$1,896,196	+0.3%
Net Income	$-79,794	$-103,484	-0.2%

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

298

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

$360,326

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michele Ware	President	40.00	Officer	$360,326	$0	$360,326
Tonya Burns	VP Assoc. Services	40.00		$159,526	$0	$159,526
Desmond Brown	Dir of Members	40.00		$150,798	$0	$150,798
Latrice Lawson	Dir of programs	40.00		$126,389	$0	$126,389
Joe Suzuki	Past Chariman	1.00	Officer Director	$0	$0	$0
Gary Hansel	Chairman	1.00	Officer Director	$0	$0	$0
Sander Wildt	Treasurer	1.00	Officer Director	$0	$0	$0
Lea Sandoval	Director	1.00	Director	$0	$0	$0
Alice Myers	Director	1.00	Director	$0	$0	$0
Althea De Pietro	Chairman-elect	1.00	Officer Director	$0	$0	$0
Robert Cushman	Director	1.00	Director	$0	$0	$0
Kayce Hawk	Director	1.00	Director	$0	$0	$0
John Baker	Director	1.00	Director	$0	$0	$0
John Reynolds	Director	1.00	Director	$0	$0	$0
Mark Langermann	Director	1.00	Director	$0	$0	$0
Diana Wyant	Director	1.00	Director	$0	$0	$0
Nicole Audette	Director	1.00	Director	$0	$0	$0
George Meyer	Director	1.00	Director	$0	$0	$0
Mark Purdy	Director	1.00	Director	$0	$0	$0
Neil Gluck	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	No data	No data	No data	No data
2023	$2,409,540	$2,489,334	$1,128,604	$-79,794
2022	$1,792,712	$1,896,196	$1,031,213	$-103,484
2021	$1,939,040	$1,797,405	$998,472	$141,635
2020	$1,701,079	$1,845,932	$1,222,947	$-144,853
2019	$1,835,076	$1,800,035	$1,096,523	$35,041
2018	$1,703,760	$1,798,301	$1,033,986	$-94,541

BUILDING OWNERS & MANAGERS ASSOCIATION OF GREATER LOS ANGELES