VOLUSIA BUILDING INDUSTRY ASSOCIATION INC (EIN 237329286) - Form 990 Financial Analysis & Trantor Score

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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

1960

Legal Domicile

Principal Officer

ERIC OLSEN

Phone

3862261414

Tax Period

2022-01-01 to 2022-12-31

VOLUSIA BUILDING INDUSTRY ASSOCIATION INC, founded in 1960, is a small nonprofit that reported $233K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $280K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE A FORUM FOR COMMUNICATING THE ORGANIZATIONS GOALS TO MEMBERS, PROMOTING THE SERVICES PROVIDED BY ITS MEMBERS, AND KEEPING MEMBERS AND THE PUBLIC INFORMED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,808

Investment Income $1,343

Other Revenue $172,760

TOTAL REVENUE $232,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,657

Fundraising Expenses $0

Other Expenses $126,584

TOTAL EXPENSES $280,241

Year-over-Year Comparison

	2022	2021	Change
Revenue	$232,911	$292,165	-0.2%
Expenses	$280,241	$226,092	+0.2%
Net Income	$-47,330	$66,073	-1.7%

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

N/A

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

$89,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA R PERKINS	EXECUTIVE DI	40.00	Director	$89,674	$0	$89,674
SEE ATTACHED SLATE OF VBIA OFFICERS	DIRECTOR	N/A	Officer Director	$0	$0	$0
ERIC OLSEN	PRESIDENT	N/A	Officer	$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
2022	$232,911	$280,241	$561,826	$-47,330
2021	$292,165	$226,092	$605,774	$66,073
2020	$228,414	$191,792	$571,268	$36,622
2019	$307,847	$234,181	$573,282	$73,666
2018	$308,018	$247,533	$471,071	$60,485

VOLUSIA BUILDING INDUSTRY ASSOCIATION INC