HOME BUILDERS ASSOC OF CENTRAL VIRGINIA INC (EIN 540719770) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Phone

4343856018

Tax Period

2023-01-01 to 2023-12-31

HOME BUILDERS ASSOC OF CENTRAL VIRGINIA INC is a small nonprofit in the Community Improvement sector that reported $130K in total revenue in fiscal year 2018. Revenue fell 80% from the prior year — a significant decline worth monitoring. Net assets of $911K represent 84 months of operating reserves.

Mission

TO MAINTAIN AND ENHANCE A PROFESSIONAL IMAGE FOR THE ASSOCIATION AND IT'S MEMBERS IN THE EYES OF THE PUBLIC, LOCAL GOVERNMENT, & COMMUNITY LEADERS. THE ORGANIZATION WAS ALSO FORMED TO PROMOTE BUSINESS OPPORTUNITIES FOR MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $57,691

Program Service Revenue $7,985

Investment Income $18,672

Other Revenue $41,205

TOTAL REVENUE $125,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,902

Fundraising Expenses $13,819

Program Expenses $65,536

Other Expenses $95,094

TOTAL EXPENSES $155,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,553	$103,572	+0.2%
Expenses	$155,996	$151,286	+0.0%
Net Income	$-30,443	$-47,714	-0.4%

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

$56,511

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HOLLEY	EXECUTIVE DI	40.00	Director	$56,511	$0	$56,511
KENAN BELL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LAURA FRANCIS BOREL	ASSOCIATE VI	2.00	Officer Director	$0	$0	$0
JEREMY CARROLL	DIRECTOR	2.00	Director	$0	$0	$0
ALLEN DUKES	DIRECTOR	2.00	Director	$0	$0	$0
RICH EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
MIKE FORREN	DIRECTOR	2.00	Director	$0	$0	$0
JOE HEPLER	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
STEVEN HILL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HOPKINS	DIRECTOR	2.00	Director	$0	$0	$0
BUTCH JEFFERSON	PAST PRESIDE	2.00	Director	$0	$0	$0
BRENT LILLY	DIRECTOR	2.00	Director	$0	$0	$0
TAMMY MIKKELSON	DIRECTOR	2.00	Director	$0	$0	$0
JIM MINEAR	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN MOCK	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRY MORCOM	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS PARANDIAN	DIRECTOR	2.00	Director	$0	$0	$0
ROSALIE RICHMAN	DIRECTOR	2.00	Director	$0	$0	$0
BILLY SELF	DIRECTOR	2.00	Director	$0	$0	$0
JEFF WIECZOREK	SECRETARY/TR	2.00	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
2024	No data	No data	No data	No data
2023	$125,553	$155,996	$801,312	$-30,443
2022	$103,572	$151,286	$832,104	$-47,714
2021	$124,479	$150,634	$879,310	$-26,155
2021	$112,091	$119,148	$898,396	$-7,057
2020	$112,091	$119,148	$905,453	$-7,057
2019	$144,388	$143,906	$912,684	$482
2018	$129,598	$134,498	$911,985	$-4,900

HOME BUILDERS ASSOC OF CENTRAL VIRGINIA INC