HOME BUILDERS ASSOCIATION OF GREATER CHARLOTTE INC (EIN 560583661) - 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

1953

Legal Domicile

Principal Officer

JENIFER SCHUSTER

Phone

7043435330

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF GREATER CHARLOTTE INC, founded in 1953, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A TRADE ASSOCIATION FOR THE REAL ESTATE CONSTRUCTION INDUSTRY BY PROMOTING FELLOWSHIP, ENCOURAGING QUALITY OF CONSTRUCTION AND ETHICAL BUSINESS RELATIONSHIPS AMONG THE MEMBERS OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $862,905

Program Service Revenue $371,858

Investment Income $19,625

Other Revenue $25,390

TOTAL REVENUE $1,279,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,006

Fundraising Expenses $0

Program Expenses $1,232,857

Other Expenses $879,602

TOTAL EXPENSES $1,306,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,279,778	$1,162,539	+0.1%
Expenses	$1,306,608	$1,151,972	+0.1%
Net Income	$-26,830	$10,567	-3.5%

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

$165,417

Total Directors

$165,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENIFER SCHUSTER	EC PRESIDENT	40.00	Officer Director	$165,417	$0	$165,417
KEN BERNARDO	CHAIR - WORK	1.00	Director	$0	$0	$0
SHANNON BOLING	UNION REPRES	1.00	Director	$0	$0	$0
CHRIS BOONE	BUILDER DIRE	1.00	Director	$0	$0	$0
LISA CORTEZ	CHAIR - PWB	1.00	Director	$0	$0	$0
ANDI DIRKSCHNEIDER	EC - 1ST V.	1.00	Director	$0	$0	$0
MICHAEL FOESS	BUILDER DIRE	1.00	Director	$0	$0	$0
FRANKIE FRANKLIN	CHAIR - SMC	1.00	Director	$0	$0	$0
CISCO GARCIA	EC - IMM. PA	1.00	Officer Director	$0	$0	$0
HOLLY GRIMSLEY	CABARRUS REP	1.00	Director	$0	$0	$0
VALERIE HERITAGE	BUILDER DIRE	1.00	Director	$0	$0	$0
ALMA JACOBS	CHAIR - MEMB	1.00	Director	$0	$0	$0
DUANE JOHNS	CHAIR - CUST	1.00	Director	$0	$0	$0
RYAN JUDSON	BUILDER DIRE	1.00	Director	$0	$0	$0
DANNY KELLY	LIFE DIRECTO	1.00	Director	$0	$0	$0
KARLA KNOTTS	LIFE DIRECTO	1.00	Director	$0	$0	$0
ROBBIE KORNEGAY	EC ASSOCIATE	1.00	Officer Director	$0	$0	$0
RICHARD LATORRE	ASSOCIATE DI	1.00	Director	$0	$0	$0
TERRY MARCUM	ASSOCIATE DI	1.00	Director	$0	$0	$0
DAVID MCGUIRE	EC - 2ND V.P	1.00	Officer Director	$0	$0	$0
JENNA MILLER	ASSOCIATE DI	1.00	Director	$0	$0	$0
DARCI MORRIS	EC TREASURER	1.00	Officer Director	$0	$0	$0
ROB NANFELT	LIFE DIRECTO	1.00	Director	$0	$0	$0
BRIAN PACE	LIFE DIRECTO	1.00	Director	$0	$0	$0
JOE PADILLA	BUILDER DIRE	1.00	Director	$0	$0	$0
SUZANNE PARKER	CHAIR- PARAD	1.00	Director	$0	$0	$0
JAMES PRESSLEY	IREDELL REP	1.00	Director	$0	$0	$0
DANIEL RAY	EC SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE SMEDLEY	CHAIR - MAME	1.00	Director	$0	$0	$0
DAIVD SMITH	CHAIR LDC	1.00	Director	$0	$0	$0
CASSANDRA SNYDER	GASTON REP.	1.00	Director	$0	$0	$0
BRETT TAYLOR	BUILDER DIRE	1.00	Director	$0	$0	$0
STEVE WILSON	ASSOCIATE DI	1.00	Director	$0	$0	$0
HOLLY ZURAWSKI	EC LEGAL COU	1.00	Director	$0	$0	$0
BOB ZWEIER	LIFE DIRECTO	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
2024	$1,279,778	$1,306,608	$871,400	$-26,830
2023	$1,162,539	$1,151,972	$814,831	$10,567
2022	$909,396	$784,345	$814,780	$125,051
2021	$841,443	$800,918	$720,884	$40,525
2020	$808,956	$803,083	$671,609	$5,873
2019	$1,001,490	$992,867	$659,187	$8,623
2018	$987,627	$984,449	$623,915	$3,178

HOME BUILDERS ASSOCIATION OF GREATER CHARLOTTE INC