Home Builders Association of Michigan (EIN 381317052) - 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

1949

Legal Domicile

Principal Officer

Robert Filka

Phone

5173220224

Tax Period

2025-01-01 to 2025-12-31

Home Builders Association of Michigan, founded in 1949, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2025.

Mission

A voice of the building industry in Michigan. The primary purpose is to positively influence the legislative, regulatory and legal issues that affect the industry.

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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 (2025)

Revenue Breakdown

Contributions & Grants $704,805

Program Service Revenue $132,717

Investment Income $10,905

Other Revenue $595,766

TOTAL REVENUE $1,444,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $655,128

Fundraising Expenses $0

Other Expenses $904,857

TOTAL EXPENSES $1,559,985

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,444,193	$1,404,330	+0.0%
Expenses	$1,559,985	$1,335,510	+0.2%
Net Income	$-115,792	$68,820	-2.7%

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

Key Employees

$215,128

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Grantham	Immediate Past President	1.00	Officer Director	$0	$0	$0
Robert Filka	CEO	40.00	Key Emp	$189,800	$25,328	$215,128
Rick Bailey	Director	1.00	Director	$0	$0	$0
Ben Templeton	Secretary	1.00	Officer Director	$0	$0	$0
Lynne Pratt	Director	1.00	Director	$0	$0	$0
Norman Finkelstein	Director	1.00	Director	$0	$0	$0
Jeremy Morgan	Director	1.00	Director	$0	$0	$0
Mark Kidd	Director	1.00	Director	$0	$0	$0
Mike Tribble	Associate Senior Officer	1.00	Officer Director	$0	$0	$0
Scott DeLoof	Director	1.00	Director	$0	$0	$0
Joanne Theunissen	Director	1.00	Director	$0	$0	$0
Brent Forsberg	Director	1.00	Director	$0	$0	$0
Patti Badner	Director	1.00	Director	$0	$0	$0
Aaron Hovestadt	President	1.00	Officer Director	$0	$0	$0
Heidi Flake	Director	1.00	Director	$0	$0	$0
Josh Nelson	Director	1.00	Director	$0	$0	$0
Jerry Skrocki	Director	1.00	Director	$0	$0	$0
Karla Wagner	Director	1.00	Director	$0	$0	$0
Mike Parks	Director	1.00	Director	$0	$0	$0
Steven Lucchesi	Director	1.00	Director	$0	$0	$0
Michael Tucker	Treasurer	1.00	Officer Director	$0	$0	$0
Arlene McKinney	Director	1.00	Director	$0	$0	$0
Andrew Kosick	Director	1.00	Director	$0	$0	$0
Kevin Osborne	Director	1.00	Director	$0	$0	$0
Karen Schroeder	First Vice President	1.00	Officer Director	$0	$0	$0
James Goriesky	Director	1.00	Director	$0	$0	$0
Dawn Crandall	VP of Government Relations	40.00	Highest	$127,350	$15,114	$142,464

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
2025	$1,444,193	$1,559,985	$1,232,922	$-115,792
2024	$1,404,330	$1,335,510	$1,275,795	$68,820
2023	$1,230,784	$1,173,641	$1,232,771	$57,143
2022	$1,060,146	$1,152,889	$1,192,631	$-92,743
2021	$1,128,395	$1,128,665	$1,275,641	$-270

Home Builders Association of Michigan