HOME BUILDERS ASSOCIATION OF NORTH… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

LAUREN TUCKER

Phone

2319462305

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF NORTHWEST MICHIGAN INC, founded in 1984, is a small nonprofit that reported $621K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO BE A HIGH QUALITY RESOURCE FOR BUILDING INDUSTRY PROFESSIONALS, WHO PROVIDE OUTSTANDING SERVICE TO OUR COMMUNITY.

Program Service Accomplishments

Program 1

SPECIAL EVENTS DESIGNED TO PROMOTE THE RESIDENTIAL CONSTRUCTION INDUSTRY TO THE GENERAL PUBLIC THROUGH DEMONSTRATIONS, DISPLAYS AND EDUCATION. MEMBERSHIP SERVICES WHICH FACILITATE THE SHARING OF...

SPECIAL EVENTS DESIGNED TO PROMOTE THE RESIDENTIAL CONSTRUCTION INDUSTRY TO THE GENERAL PUBLIC THROUGH DEMONSTRATIONS, DISPLAYS AND EDUCATION. MEMBERSHIP SERVICES WHICH FACILITATE THE SHARING OF INFORMATION, NETWORKING AND THE PRODUCTION OF A NEWSLETTER.

Program 2

OFFER SEMINARS AND CLASSES TO ALLOW ASSOCIATION MEMBERS TO OBTAIN, UPDATE AND IMPROVE SKILLS RELATED TO MODERN CONSTRUCTION TRENDS AND TECHNIQUES.

Program 3

MEMBERSHIP SERVICES WHICH FACILITATE THE SHARING OF INFORMATION, NETWORKING AND THE PRODUCTION OF A NEWSLETTER.

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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 $612,209

Investment Income $6,521

Other Revenue $2,200

TOTAL REVENUE $620,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,165

Fundraising Expenses $0

Other Expenses $383,984

TOTAL EXPENSES $647,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$620,930	$687,501	-0.1%
Expenses	$647,149	$558,754	+0.2%
Net Income	$-26,219	$128,747	-1.2%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI FLAKE	PRESIDENT	5.00	Officer	$0	$0	$0
BEN MAURER	FIRST VICE PRESIDENT	2.00	Officer	$0	$0	$0
DANE ENGLERT	2ND VICE PRESIDENT	2.00	Officer	$0	$0	$0
MARCY HURST	SECRETARY	2.00	Officer	$0	$0	$0
JENNIFER BARD	TREASURER	2.00	Officer	$0	$0	$0
DANIEL PAULSON	PAST PRESIDENT	2.00	Officer	$0	$0	$0
JULIE BRAVENDER	DIRECTOR	1.00	Director	$0	$0	$0
COLIN BUSHONG	DIRECTOR	1.00	Director	$0	$0	$0
ED FANTOZZI	DIRECTOR	1.00	Director	$0	$0	$0
DAN GOODCHILD	DIRECTOR	1.00	Director	$0	$0	$0
RENE HILLS	DIRECTOR	1.00	Director	$0	$0	$0
TERRY PEACH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TERHUNE	DIRECTOR	1.00	Director	$0	$0	$0
MATT WALIGORSKI	DIRECTOR	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	$620,930	$647,149	$228,940	$-26,219
2023	$687,501	$558,754	$256,207	$128,747
2022	$479,413	$485,250	$189,024	$-5,837
2021	$303,911	$413,799	$212,887	$-109,888
2020	$434,235	$444,775	$288,141	$-10,540
2019	$482,850	$494,945	$396,876	$-12,095
2018	$518,655	$498,921	$444,801	$19,734

HOME BUILDERS ASSOCIATION OF NORTHWEST MICHIGAN INC