HOMEBUILDERS ASSOCIATION OF DELAWARE INC (EIN 510072963) - 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

1954

Legal Domicile

Principal Officer

MIKE RIEMANN

Phone

3026781520

Tax Period

2023-01-01 to 2023-12-31

HOMEBUILDERS ASSOCIATION OF DELAWARE INC, founded in 1954, is a small nonprofit that reported $369K in total revenue in fiscal year 2023. Expenses of $406K exceeded revenue, resulting in a 10% operating deficit.

Mission

ENCOURAGE HIGH PROFESSIONAL STANDARDS AND SOUND BUSINESS METHODS AMONG ITS MEMBERS, SECURE COOPERATIVE ACTION IN ADVANCING THE COMMON PURPOSES OF ITS MEMBERS, UNIFORMITY AND EQUITY IN BUSINESS USAGE AND LAWS AND PROPER CONSIDERATION OF OPINION UPON QUESTIONS AFFECTING THE HOME BUILDING INDUSTRY WITHIN THE JURISDICTION OF THIS ASSOCIATION.

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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 $187,150

Program Service Revenue $171,229

Investment Income $3,838

Other Revenue $6,534

TOTAL REVENUE $368,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,335

Fundraising Expenses $0

Other Expenses $273,399

TOTAL EXPENSES $405,734

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,751	$355,459	+0.0%
Expenses	$405,734	$309,681	+0.3%
Net Income	$-36,983	$45,778	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE RIEMANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE EASTON	ASSOCIATE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE OLECK	NEW CASTLE CTY VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF HAGGERTY	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD FORSTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
JUSTIN OLEAR	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BJ CAREY	DIRECTOR	1.00	Director	$0	$0	$0
NICK DEFRANCESCO	DIRECTOR	1.00	Director	$0	$0	$0
MARK GANDY	DIRECTOR	1.00	Director	$0	$0	$0
JON HORNER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HANDLER	KENT COUNTY VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLYN STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
COLIN PRICE	DIRECTOR	1.00	Officer Director	$0	$0	$0
BOB THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
BOB TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN O'ROURKE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FORD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN WILLEY	DIRECTOR	1.00	Director	$0	$0	$0
BEN OVERHOLT	SUSSEX COUNTY VICE PRESIDENT	1.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$368,751	$405,734	$271,319	$-36,983
2022	$355,459	$309,681	$295,762	$45,778
2021	$324,844	$317,536	$252,524	$7,308
2020	$232,656	$267,486	$247,351	$-34,830
2019	$343,558	$331,724	$285,940	$11,834
2018	$-62,169	$329,048	$286,631	$-391,217

HOMEBUILDERS ASSOCIATION OF DELAWARE INC