HOME BUILDERS ASSOCIATION OF THE UPPER PENINSULA (EIN 382871665) - 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

1988

Legal Domicile

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.

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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 $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

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

$46,631

Total Directors

$46,631

Key Employees

Highest Compensated

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

HOME BUILDERS ASSOCIATION OF THE UPPER PENINSULA