HOME IMPROVEMENT RESEARCH INSTITUTE (EIN 311020154) - 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

1981

Legal Domicile

Principal Officer

DAVE KING

Phone

3179823979

Tax Period

2024-01-01 to 2024-12-31

HOME IMPROVEMENT RESEARCH INSTITUTE, founded in 1981, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 5% surplus.

Mission

TO GATHER, ORGANIZE, AND DISSEMINATE INFORMATION TO BUSINESSES DEALING WITH THE HOME IMPROVEMENT MARKET

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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 $0

Program Service Revenue $1,560,909

Investment Income $9,400

Other Revenue $0

TOTAL REVENUE $1,570,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,485,792

TOTAL EXPENSES $1,485,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,570,309	$1,330,517	+0.2%
Expenses	$1,485,792	$1,285,606	+0.2%
Net Income	$84,517	$44,911	+0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA HARRIS	DIRECTOR	000.50	Director	$0	$0	$0
CHRIS IGIELINSKI	SECRETARY	000.50	Officer Director	$0	$0	$0
CHRISTINA DICIOCCIO	DIRECTOR	000.50	Director	$0	$0	$0
TATE GALVIN	DIRECTOR	000.50	Director	$0	$0	$0
ABBE WILL	DIRECTOR	000.50	Director	$0	$0	$0
RHEM WOOD	DIRECTOR	000.50	Director	$0	$0	$0
JOE TUROFF	PRESIDENT	001.00	Officer Director	$0	$0	$0
LAUREN WIEGEL	PAST PRESIDENT	000.50	Director	$0	$0	$0
PAUL PONSFORD	VICE PRESIDENT	000.50	Officer Director	$0	$0	$0
BETHANY PARKER	DIRECTOR	000.50	Director	$0	$0	$0
MAEGAN SADOCHA	DIRECTOR	000.50	Director	$0	$0	$0
JENNIFER CASTENSON	DIRECTOR	000.50	Director	$0	$0	$0
CHRISTINA STAVRIDIS	DIRECTOR	000.50	Director	$0	$0	$0
DAVE KING	EXECUTIVE DIRECTOR	040.00	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
2024	$1,570,309	$1,485,792	$1,242,485	$84,517
2023	$1,330,517	$1,285,606	$980,235	$44,911
2022	$1,319,913	$1,358,288	$935,002	$-38,375
2021	$1,192,557	$1,124,544	$972,708	$68,013
2020	$996,494	$1,033,527	$801,016	$-37,033
2019	$1,104,931	$1,097,385	$708,313	$7,546
2018	$1,217,117	$959,258	$754,356	$257,859

HOME IMPROVEMENT RESEARCH INSTITUTE