HOME BUILDERS ASSOC OF IA EDUCATION COR

EIN: 421580120 501(c)(3) Education

DES MOINES, IA

Total Revenue
$21,402
Total Expenses
$19,000
Total Assets
$98,554
Net Assets
$98,554
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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
2003
Legal Domicile
IA
Phone
5152780255
Tax Period
2020-01-01 to 2020-12-31

HOME BUILDERS ASSOC OF IA EDUCATION COR, founded in 2003, is a micro nonprofit in the Education sector that reported $21K in total revenue in fiscal year 2020. Expenses of $19K left a modest 11% surplus.

Mission

TO PROMOTE THE CONSTRUCTION INDUSTRY BY INCREASING AWARENESS OF THE SKILLED TRADES AND TO PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING THE INDUSTRY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $209,370
Program Service Revenue $0
Investment Income $0
Other Revenue $-187,968
TOTAL REVENUE $21,402

Expense Breakdown

Grants Paid $19,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,000
Other Expenses $0
TOTAL EXPENSES $19,000

Year-over-Year Comparison

2020 2019 Change
Revenue $21,402 N/A N/A
Expenses $19,000 N/A N/A
Net Income $2,402 N/A N/A
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
7
Independent Members
7
Employees
N/A
Volunteers
22

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY IVERSON Secretary 1.00
Officer Director
$0 $0 $0
MIKE FARR Chairman 1.00
Officer Director
$0 $0 $0
LESLIE MAYO VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
TARI DAILEY Director 1.00
Director
$0 $0 $0
DAN KNOUP Director 1.00
Director
$0 $0 $0
TIM RUTH Director 1.00
Director
$0 $0 $0
KATE ARNEST Director 1.00
Director
$0 $0 $0
STEVE SHUEY Director 1.00
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
2020 $21,402 $19,000 $98,554 $2,402
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