HOME BUILDERS ASSOCIATION OF PORTAGE AND SUMMIT COUNTIES (EIN 340861325) - 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

RICHARD BANCROFT

Phone

3308696800

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF PORTAGE AND SUMMIT COUNTIES, founded in 1960, is a small nonprofit that reported $605K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $571K left a modest 6% surplus.

Mission

TO MAKE A COLLECTIVE HOME BUILDING INDUSTRY CONTRIBUTION TO THOSE EFFORTS AND MOVEMENTS WHICH ARE DESIGNED AND PROMOTED TO IMPROVE THE SOCIAL, POLITICAL AND ECONOMIC WELFARE OF THE STATE AND NATION; AND TO DEVELOP AND MAINTAIN WITHIN THE HOME BUILDING INDUSTRY A HIGH APPRECIATION OF THE OBLIGATIONS AND RESPONSIBILITIES OF THE BUILDER, AND TO ENCOURAGE THE CONSISTENT ACCEPTANCE AND APPLICATION OF PRACTICES WHICH WILL WIN MERITED AND UNQUALIFIED PUBLIC CONFIDENCE.

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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 $2,172

Program Service Revenue $446,172

Investment Income $395

Other Revenue $156,076

TOTAL REVENUE $604,815

Expense Breakdown

Grants Paid $300

Salaries & Benefits $132,385

Fundraising Expenses $0

Other Expenses $438,096

TOTAL EXPENSES $570,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,815	$640,197	-0.1%
Expenses	$570,781	$500,724	+0.1%
Net Income	$34,034	$139,473	-0.8%

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

$90,816

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI HOWERTON	EXECUTIVE VP	40.00	Officer	$87,558	$3,258	$90,816
MELISSA BEASLEY	TRUSTEE	1.00	Director	$0	$0	$0
MATT BURSKY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUSTIN ENGLERT	TREASURER/SE	2.00	Officer Director	$0	$0	$0
JENNIFER GONZALEZ	TRUSTEE	1.00	Director	$0	$0	$0
NICK HORRIGAN	TRUSTEE	1.00	Director	$0	$0	$0
TARA KLECKNER	TRUSTEE	1.00	Director	$0	$0	$0
LISA KORNUC	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MARCHETTA	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MILLER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PETER PAINO	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER PENDERGAST	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW PETRARCA	TRUSTEE	1.00	Director	$0	$0	$0
CONNER PINION	TRUSTEE	1.00	Director	$0	$0	$0
TONY PONIKVAR	TRUSTEE	1.00	Director	$0	$0	$0
DREW SHULTZ	TRUSTEE	1.00	Director	$0	$0	$0
ROCHELLE STRAYER	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT STRAYER	TRUSTEE	1.00	Director	$0	$0	$0
CASSIE TESTA	TRUSTEE	1.00	Director	$0	$0	$0
JOEL TESTA	TRUSTEE	1.00	Director	$0	$0	$0
MARK VERDOVA	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
JIM YEZBAK	TRUSTEE	1.00	Director	$0	$0	$0
FRED ZUMPANO	TRUSTEE	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	$604,815	$570,781	$1,499,711	$34,034
2023	$640,197	$500,724	$1,301,400	$139,473
2022	$535,298	$496,298	$1,384,614	$39,000
2021	$399,728	$408,212	$1,371,048	$-8,484
2020	$405,778	$446,806	$1,364,289	$-41,028
2019	$489,413	$481,682	$1,514,268	$7,731
2018	$614,195	$500,139	$1,419,558	$114,056

HOME BUILDERS ASSOCIATION OF PORTAGE AND SUMMIT COUNTIES