BLACK HILLS HOME BUILDERS ASSN INC

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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

1978

Legal Domicile

Phone

6053487850

Tax Period

2024-01-01 to 2024-12-31

BLACK HILLS HOME BUILDERS ASSN INC, founded in 1978, is a small nonprofit that reported $964K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $185K, a strong 19% operating margin.

Mission

TO SERVE AS AN ADVOCATE FOR THOSE INVOLVED IN THE BUILDING INDUSTRY, TO FOCUS ON CREATING AN ENVIRONMENT THAT PROVIDES THE OPPORTUNITY OF AFFORDABLE HOUSING FOR ALL, AND TO DISSEMINATE INFORMATION ON INDUSTRY STANDARDS AND REGULATIONS TO BUILDERS AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $655,348 Revenue: $870,159

THE ASSOCIATION SERVES ITS MEMBERS BY PROVIDING A COMMUNITY HOME SHOW, A PARADE OF HOME EVENTS TO SHOWCASE THEIR PRODUCTS, AND OTHER BUILDER ACTIVITIES TO EDUCATE THE PUBLIC ON WHAT IS AVAILABLE IN...

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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 (2024)

Revenue Breakdown

Contributions & Grants $61,858

Program Service Revenue $870,159

Investment Income $13,819

Other Revenue $18,360

TOTAL REVENUE $964,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,006

Fundraising Expenses $46,979

Program Expenses $655,348

Other Expenses $607,384

TOTAL EXPENSES $779,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$964,196	$696,651	+0.4%
Expenses	$779,390	$608,210	+0.3%
Net Income	$184,806	$88,441	+1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMBER UNDERWOOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ZACH SHULL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DARIN HOWIE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN WOOD	BOARD ADVISOR	2.00	Director	$0	$0	$0
TYLER TRIBBY	SECRETARY	1.00	Officer Director	$0	$0	$0
JAY MENDEL	TREASURER	2.00	Officer Director	$0	$0	$0
RILEY BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF WIEDENBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY MUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAENE BOOMSMA	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN SCHULZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHELLE WHITE	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$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	$964,196	$779,390	$1,084,845	$184,806
2023	$696,651	$608,210	$793,454	$88,441
2022	$696,180	$511,111	$683,202	$185,069
2021	$582,309	$483,384	$558,263	$98,925
2020	$358,281	$436,043	$432,437	$-77,762
2019	$590,723	$609,321	$448,396	$-18,598
2018	$677,772	$625,635	$518,202	$52,137