HOME BUILDERS ASSOCIATION OF THE UPPER PENINSULA

EIN: 382871665

MARQUETTE, MI

Total Revenue
$235,732
Total Expenses
$219,112
Total Assets
$104,313
Net Assets
$102,665
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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
1988
Legal Domicile
MI
Principal Officer
SARAH FOSTER
Phone
9062282312
Tax Period
2023-01-01 to 2023-12-31

HOME BUILDERS ASSOCIATION OF THE UPPER PENINSULA, founded in 1988, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $219K left a modest 7% surplus.

Mission

TO ADVANCE THE PROFESSION OF HOMEBUILDING MICHIGAN'S UPPER PENINSULA THROUGH EDUCATION, NEWSLETTERS, AND HOME SHOWS.

Program Service Accomplishments

Program 1
Expenses: $56,078

HELD ANNUAL BUILDERS SHOW EVENT THAT ALLOWS THE PUBLIC TO MEET 100+ PROFESSIONALS IN A RETAIL SHOPPING ENVIRONMENT TO FIND SERVICES AND SUPPLIES FOR HOME IMPROVEMENT AND REMODELING.

Program 2
Expenses: $6,000

DONATIONS TO CHARITABLE ORGANIZATIONS AND SCHOLARSHIPS FOR TRADE SCHOOL INDIVIDUALS

Program 3
Expenses: $14,294

CONTINUED TO MAINTAIN PRINTING ROOM THAT IS AVAILABLE TO MEMBERS TO ALLOW THEM TO PRINT PLANS AND BLUE PRINTS FOR JOBS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,770
Program Service Revenue $143,768
Investment Income $169
Other Revenue $11,025
TOTAL REVENUE $235,732

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $51,325
Fundraising Expenses $0
Program Expenses $76,372
Other Expenses $112,836
TOTAL EXPENSES $219,112

Year-over-Year Comparison

2023 2022 Change
Revenue $235,732 $215,674 +0.1%
Expenses $219,112 $168,039 +0.3%
Net Income $16,620 $47,635 -0.7%
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

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
45

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
5
$46,631
Total Directors
12
$46,631
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH FOSTER EXECUTIVE DI 40.00
Officer Director
$46,631 $0 $46,631
JAMES GORIESKY PRESIDENT 0.50
Officer Director
$0 $0 $0
JON DICKERSON VICE PRESIDE 0.50
Officer Director
$0 $0 $0
NINO FOGAROLI TREASURER 0.50
Officer Director
$0 $0 $0
CHRIS RICHARDS SECRETARY 0.50
Officer Director
$0 $0 $0
PAT HEALY DIRECTOR 0.50
Director
$0 $0 $0
DAN PALOSAARI DIRECTOR 0.50
Director
$0 $0 $0
DOM HAGGERTY DIRECTOR 0.50
Director
$0 $0 $0
JOE ESBROOK DIRECTOR 0.50
Director
$0 $0 $0
KELLIE HILLIER-GENSCHAW DIRECTOR 0.50
Director
$0 $0 $0
CHRIS FELTNER DIRECTOR 0.50
Director
$0 $0 $0
PHIL VASQUEZ DIRECTOR 0.50
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 No data No data No data No data
2023 $235,732 $219,112 $104,313 $16,620
2022 $215,674 $168,039 $87,570 $47,635
2021 $183,816 $142,942 $42,430 $40,874
2020 $142,112 $150,450 $6,772 $-8,338
2019 $154,589 $155,435 $11,028 $-846
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