HBA CHARITABLE & EDUCATIONAL FOUNDATION (EIN 383025307) - 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

1992

Legal Domicile

Principal Officer

FORREST WALL

Phone

2487374477

Tax Period

2023-01-01 to 2023-12-31

HBA CHARITABLE & EDUCATIONAL FOUNDATION, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $35K in total revenue in fiscal year 2023. Expenses of $71K exceeded revenue, resulting in a 102% operating deficit.

Mission

TO ENGAGE IN ACTIVITIES TO PROMOTE AND TO IMPROVE THE AVAILABILITY OF HOUSING OPPORTUNITIES FOR ALL PERSONS, TO COMBAT COMMUNITY DETERIORATION, AND TO INFORM AND TO EDUCATE THE GENERAL PUBLIC AND MEMBERS OF THE CONSTRUCTION AND PROPERTY MANAGEMENT INDUSTRY ON ISSUES AFFECTING THE AVAILABILITY OF HOUSING OPPORTUNITIES SO THAT THE GENERAL WELFARE OF THE SOUTHEASTERN AREA OF THE STATE OF MICHIGAN SHALL BE ENHANCED AND IMPROVED AND TO ENGAGE IN SUCH ADDITIONAL CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE CODE AS THE BOARD OF TRUSTEES MAY FROM TIME TO TIME DETERMINE.

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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 $22,071

Program Service Revenue $0

Investment Income $12,962

Other Revenue $0

TOTAL REVENUE $35,033

Expense Breakdown

Grants Paid $65,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,014

Other Expenses $5,428

TOTAL EXPENSES $70,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,033	$34,609	+0.0%
Expenses	$70,928	$165,720	-0.6%
Net Income	$-35,895	$-131,111	-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

N/A

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

$171,522

Total Directors

$171,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BURTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD KOMER	TREASURER	1.00	Officer Director	$0	$0	$0
H WILLIAM FREEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM CAPALDI	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES CLARKE	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY COHEN	BOARD MEMBER	0.50	Director	$0	$0	$0
NORMAN FINKELSTEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY FOWLIE	BOARD MEMBER	0.50	Director	$0	$0	$0
BERNARD GLIEBERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DARSHAN GREWAL	BOARD MEMBER	0.50	Director	$0	$0	$0
NOREEN KEATING	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON MINOCK	BOARD MEMBER	0.50	Director	$0	$0	$0
COLLEEN OCHOA PETERS	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM PHILLIPS	BOARD MEMBER	0.50	Director	$0	$0	$0
RINO SOAVE	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL STOSKOPF	BOARD MEMBER	0.50	Director	$0	$0	$0
BENJAMIN TEMPLETON	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT M TEDESCO ENDED	BOARD MEMBER	0.50	Director	$0	$0	$0
FORREST WALL	EXECUTIVE OF	1.00	Officer Director	$0	$6,522	$171,522

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	$35,033	$70,928	$441,048	$-35,895
2022	$34,609	$165,720	$485,943	$-131,111
2021	$68,620	$57,064	$605,576	$11,556
2020	$17,596	$33,700	$593,498	$-16,104
2019	$31,328	$67,311	$609,602	$-35,983
2018	$430,001	$30,866	$648,585	$399,135

HBA CHARITABLE & EDUCATIONAL FOUNDATION