HOME BAKING ASSOCIATION INC

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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

2014

Legal Domicile

Tax Period

2023-11-01 to 2024-10-31

HOME BAKING ASSOCIATION INC, founded in 2014, is a small nonprofit that reported $198K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

ADVOCATE FOR INCREASED HOME BAKING BY PROVIDING TOOLS AND KNOWLEDGE TO PERPETUATE GENERATIONS OF HOME BAKERS.

Program Service Accomplishments

Program 1

PROMOTED HOME BAKING BY PROVIDING EDUCATORS AND GENERAL PUBLIC VARIOUS MATERIALS, TOOLS AND KNOWLEDGE TO PERPETUATE FUTURE GENERATIONS OF HOME BAKERS.

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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 $152,386

Program Service Revenue $45,218

Investment Income $24

Other Revenue $0

TOTAL REVENUE $197,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $195,725

TOTAL EXPENSES $195,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,628	$219,214	-0.1%
Expenses	$195,725	$217,786	-0.1%
Net Income	$1,903	$1,428	+0.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE HALVORSON	DIRECTOR	1.00	Director	$0	$0	$0
BRENT BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
KEARY FATH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE KIRBY	EXECUTIVE DIRECTOR	20.00	Director	$0	$0	$0
DARBY CAMPSEY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH VINES	DIRECTOR	1.00	Director	$0	$0	$0
MADISON ANDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LEDDIGE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH STEELY	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY GAINE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HARPER	PRESIDENT	2.00	Officer	$0	$0	$0
PAULA LABINE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ILEANA DURAND	VICE PRESIDENT	2.00	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	$197,628	$195,725	$10,159	$1,903
2023	$219,214	$217,786	$8,256	$1,428
2022	$200,685	$194,666	$6,828	$6,019
2021	$186,120	$185,975	$809	$145
2020	$197,962	$204,371	$664	$-6,409
2019	$213,221	$205,940	$7,073	$7,281
2018	$207,757	$213,782	$-208	$-6,025