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

1976

Legal Domicile

Principal Officer

JAMES DAWLEY

Phone

2313489770

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF NORTHERN MICHIGAN INC, founded in 1976, is a small nonprofit that reported $123K in total revenue in fiscal year 2024.

Mission

MEMBERS OF THE HOME BUILDERS ASSOCIATION OF NOTHERN MICHIGAN PLEDGE THEMSELVES TO A STRICT CODE OF ETHICS AND MAINTAIN HIGH STANDARDS OF QUALITY CONSTRUCTION, COMMITMENT TO THE CONSUMER AND PROFESSIONAL AND FAIR BUSINESS PRACTICES.

Program Service Accomplishments

Program 1

TO ENSURE MEMBERS MEET LICENSING REQUIREMENTS AND ARE USING THE LATEST METHODS OF EFFICIENT AND ECONOMICAL HOME CONSTRUCTION

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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 $71,318

Program Service Revenue $0

Investment Income $0

Other Revenue $51,470

TOTAL REVENUE $122,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,119

Fundraising Expenses $0

Other Expenses $35,671

TOTAL EXPENSES $128,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,788	$125,525	0.0%
Expenses	$128,323	$126,652	+0.0%
Net Income	$-5,535	$-1,127	+3.9%

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

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
JAY SACKRIDER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD DENOYER	DIRECTOR	1.00	Director	$0	$0	$0
GREG LEE	DIRECTOR	1.00	Director	$0	$0	$0
JODY MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BOYD	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF GRANTHAM	TREASURER	2.00	Officer Director	$0	$0	$0
DUSTIN HART	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES DAWLEY	PRESIDENT	1.00	Officer 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	$122,788	$128,323	$78,721	$-5,535
2023	$125,525	$126,652	$57,175	$-1,127
2022	$118,350	$125,536	$47,800	$-7,186
2021	$120,256	$135,510	$40,844	$-15,254
2020	$131,888	$123,223	$46,838	$8,665
2019	$126,620	$128,837	$59,532	$-2,217
2018	$123,051	$126,828	$67,353	$-3,777

HOME BUILDERS ASSOCIATION OF NORTHERN MICHIGAN INC