HOMEBUILDERS ASSOCIATION OF IOWA C… - 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

1973

Legal Domicile

Principal Officer

ALEXANDRIA SALOW

Phone

3193515333

Tax Period

2023-01-01 to 2023-12-31

HOMEBUILDERS ASSOCIATION OF IOWA CITY, founded in 1973, is a small nonprofit that reported $402K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $380K left a modest 5% surplus.

Mission

PROVIDE MEMBERS AND CONSUMERS EDUCATION, PARTICIPATE IN THE DEVELOPMENT OF PUBLIC POLICY, OFFER NETWORKING OPPORTUNITIES AND PROMOTE HOME OWNERSHIP.

Program Service Accomplishments

Program 1

THE ANNUAL PARADE OF HOMES EVENT IS DESIGNED TO SHOWCASE NEW HOME CONSTRUCTION, TRENDS AND STYLES AS WELL AS REMODELING IDEAS.

Program 2

THE ANNUAL HOME SHOW IS DESIGNED TO SHOWCASE THE LATEST PRODUCTS AND SERVICES.

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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 $188,817

Program Service Revenue $215,419

Investment Income $6,129

Other Revenue $-8,669

TOTAL REVENUE $401,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,022

Fundraising Expenses $0

Other Expenses $250,380

TOTAL EXPENSES $380,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$401,696	$299,351	+0.3%
Expenses	$380,402	$367,308	+0.0%
Net Income	$21,294	$-67,957	-1.3%

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

$102,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY HODGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN MCCREEDY	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIE WUNDERLICH	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ZACK KENYON	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY MANNING	SECRETARY	1.00	Officer Director	$0	$0	$0
ART FLOSS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PUGH	DIRECTOR	1.00	Director	$0	$0	$0
RORY TRIPLETT	DIRECTOR	1.00	Director	$0	$0	$0
ALEX CARRILLO	DIRECTOR	1.00	Director	$0	$0	$0
KIM MILLER	DIRECTOR	1.00	Director	$0	$0	$0
NATE KNAUSE	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA SCHOOLEY	DIRECTOR	1.00	Director	$0	$0	$0
TIM RUTH	NAHB STATE REP.	1.00	Director	$0	$0	$0
AARON MCGLYNN	STATE AND NATIONAL DIRECTOR	1.00	Director	$0	$0	$0
HEATHER KUENSTER	REMODELER'S COUNCIL	1.00	Director	$0	$0	$0
KARYL BOHNSACK	EXECUTIVE OFFICER (UNTIL 11/23)	43.00	Officer	$87,692	$4,385	$92,077
ALEXANDRIA SALOW	EXECUTIVE OFFICER	43.00	Officer	$10,231	$404	$10,635

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	$401,696	$380,402	$232,276	$21,294
2022	$299,351	$367,308	$227,828	$-67,957
2021	$351,727	$362,078	$283,237	$-10,351
2020	$370,125	$400,027	$252,807	$-29,902
2019	$392,789	$422,549	$331,931	$-29,760
2018	$395,582	$397,060	$358,367	$-1,478

HOMEBUILDERS ASSOCIATION OF IOWA CITY