Civic Intelligence

Indiana Builders Association Inc

EIN 35-0920058 • 501(c)6 • Indianapolis, IN

Profile

To educate the construction and home building industry

101 West Ohio StreetIndianapolis, IN 46204

www.buildindiana.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

42%

Higher net margin than 95% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$370,472

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

53%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,386,309

Up $338,675 (+11%) from 2023

Liabilities

Down

$4,037

Down $1,746 (-30%) from 2023

Net Assets

Up

$3,382,272

Up $340,421 (+11%) from 2023

Operations
Liabilities / Revenue16th percentileNet Margin95th percentile

Revenue

Up

$1,765,222

Up $608,254 (+53%) from 2023

Expenses

Up

$1,026,244

Up $273,380 (+36%) from 2023

Net Income

Up

$738,978

Up $334,874 (+83%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $3,114,581Liabilities 2020: $326,458Net Assets 2020: $2,788,1232020Assets 2021: $3,603,279Liabilities 2021: $20,359Net Assets 2021: $3,582,9202021Assets 2022: $2,774,671Liabilities 2022: $29,589Net Assets 2022: $2,745,0822022Assets 2023: $3,047,634Liabilities 2023: $5,783Net Assets 2023: $3,041,8512023Assets 2024: $3,386,309Liabilities 2024: $4,037Net Assets 2024: $3,382,2722024

Highlighted filing

2024

Assets$3,386,309
Liabilities$4,037
Net Assets$3,382,272
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,008,278Expenses 2020: $923,742Net Income 2020: $84,5362020Revenue 2021: $1,473,724Expenses 2021: $934,069Net Income 2021: $539,6552021Revenue 2022: $1,084,478Expenses 2022: $1,211,341Net Income 2022: -$126,8632022Revenue 2023: $1,156,968Expenses 2023: $752,864Net Income 2023: $404,1042023Revenue 2024: $1,765,222Expenses 2024: $1,026,244Net Income 2024: $738,9782024

Highlighted filing

2024

Revenue$1,765,222
Expenses$1,026,244
Net Income$738,978
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,386,309
Liabilities
$4,037
Net assets
$3,382,272
Revenue
$1,765,222
Expenses
$1,026,244
Net income
$738,978
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.38$1.77$1.03$0.74
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.01$3.04$1.16$0.75$0.40
2022Detailed filing. Detailed filing data is available for this year.$2.77$0.03$2.75$1.08$1.21$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.60$0.02$3.58$1.47$0.93$0.54
2020Detailed filing. Detailed filing data is available for this year.$3.11$0.33$2.79$1.01$0.92$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$1,771,489
Mission and Program Overview

Mission

To educate the construction and home building industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,673,524$3,137,523▲ $463,999
Accounts Receivable$324,287$194,086▼ $130,201
Cash and Non-Interest-Bearing Accounts$42,538$49,692▲ $7,154
Prepaid Expenses and Deferred Charges$2,668$2,805▲ $137
Inventories for Sale or Use$1,846$1,735▼ $111
Savings and Temporary Cash Investments$468$468→ $0
Land, Buildings, and Equipment, Net$170$0▼ $170
Total Assets$3,047,634$3,386,309▲ $338,675
Other Assets Total$2,133$0▼ $2,133
Liabilities
Other Liabilities$2,210$2,842▲ $632
Accounts Payable and Accrued Expenses$3,573$1,195▼ $2,378
Total Liabilities$5,783$4,037▼ $1,746
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,041,851$3,382,272▲ $340,421
Total Net Assets Fund Balance$3,041,851$3,382,272▲ $340,421
Total Liabilities and Net Assets / Fund Balance$3,047,634$3,386,309▲ $338,675

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$44,723$0
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick E WajdaChief Executive OfficerFT$315,180$55,292$370,472
Rick E Wajda--$315,180$55,292$370,472

Board Members and Trustees

NameTitle
Ric ZehrPast President
Linda RogersPast Presidents Council
Kenny ReinbrechtPresident
Ryan BakerVice President
Bob MicunekBoard Member
Brady AlbrightBoard Member
Brett HarterBoard Member
Christian RectorBoard Member
David ComptonBoard Member
Dg AsayBoard Member
Dj TavernierBoard Member
Hank KidwellBoard Member
Jeff LoucksBoard Member
John JonesBoard Member
Lisa CoxBoard Member
Logan BuescherBoard Member
Mary EllisBoard Member
Mike ZehnerBoard Member
Rebecca CameronBoard Member
Ryan HodskinsBoard Member
Steve SchreckengastBoard Member
Todd MeierBoard Member
Tyler MillerBoard Member
Heath Van NatterIba National Director
Gregory GerbersAssociate Area VP
Jacob JuliusAssociate Area VP
Tim EckertAssociate Area VP
Frank RhoadesParliamentarian
Andrew BrindleySecretary
Greg FurnishState Representative for Nahb
Marcy DeshongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$716,638
Program Service Revenue
$107,042
Investment Income
$806,758
Other Revenue
$134,784
All Other Contributions
$25,000
Change in Net Assets
$738,978
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$652,413
Other Expenses$373,831
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$0$0$0$315,180
Other Salaries and Wages$0$0$0$224,914
Conferences and Meetings$0$0$0$194,513
Other Employee Benefits$0$0$0$40,522
Travel$0$0$0$39,001
Pension Plan Contributions$0$0$0$38,598
Occupancy$0$0$0$35,087
Payroll Taxes$0$0$0$33,199
Other Expenses$0$0$0$20,760
Fees for Services Accounting$0$0$0$20,137
Fees for Service Investment Mgmnt Fees$0$0$0$19,801
Insurance$0$0$0$10,507
Office Expenses$0$0$0$8,372
Information Technology$0$0$0$5,849
Depreciation Depletion$0$0$0$170
Total Functional Expenses$0$0$0$1,026,244
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,968
Fundraising Direct Expenses$6,267
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$62,525$62,525-$62,525
Special$7,443$7,443-$7,443
Total Events$69,968$69,968$6,267$63,701
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Eo Council$2,318
Due to Iba Pac$524
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Indiana Builders Association Inc
EIN
35-0920058
Phone
3179171100
Address
101 WEST OHIO STREET, INDIANAPOLIS, IN 46204

Signing Officer

Name
Rick Wajda
Title
CEO
Phone
3179171100
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Wajda
Formed
1952
Legal Domicile
In
Voting Board Members
30
Independent Board Members
0
Employees
5
Volunteers
0

Preparer

Firm
Martin J Birr CPA
Address
7648 WINDRIDGE WAY, BROWNSBURG, IN 46112
Preparer
Martin J Birr CPA
Phone
3178521865
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Professional relationship among members”

Pt VI, Line 6

“Individuals pay annual dues for the right to membership”

Pt VI, Line 7A

“Each member receives the right to vote on board members”

Pt VI, Line 10B

“Reviewed by chief executive officer”

Pt VI, Line 11B

“Reviewed by ceo prior to filing”

Pt VI, Line 12C

“Reviewed by ceo and board members”

Pt VI, Line 15A

“Board members regularly review compensation of prof trade assoc”

Pt VI, Line 15B

“Board members regularly review compensarion of prof trade assoc”

Pt VI, Line 19

“WRITTEN REQUEST”

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