HOME BUILDERS ASSOC OF RALEIGH-WAKE CO (EIN 560849629) - 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

1959

Legal Domicile

Principal Officer

PAUL KANE

Phone

9192332033

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOC OF RALEIGH-WAKE CO, founded in 1959, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE INTERESTS OF THE RESIDENTIAL BUILDING INDUSTRY ON ISSUES THAT AFFECT THEIR ABILITY TO PROVIDE AFFORDABLE HOUSING FOR ALL CIZITENS OF WAKE COUNTY.

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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 $36,379

Program Service Revenue $2,793,057

Investment Income $30,771

Other Revenue $-57,255

TOTAL REVENUE $2,802,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,003,029

Fundraising Expenses $0

Other Expenses $1,754,783

TOTAL EXPENSES $2,757,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,802,952	$2,581,583	+0.1%
Expenses	$2,757,812	$2,570,518	+0.1%
Net Income	$45,140	$11,065	+3.1%

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

200

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

$274,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX YOST	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA HOYLE	TREASURER	2.00	Officer Director	$0	$0	$0
CAMERON MEDLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTY BECK	PRESIDENT	2.00	Officer Director	$0	$0	$0
CRISTI GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRISTINA HURLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN CLEM	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID COLGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
DICKY GEPHART	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES CREGGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE MESBITT	MEMBER/TRIANGLE SALES AND MARKETING COUNCIL	2.00	Director	$0	$0	$0
JAY UPCHURCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF LOGSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM DERRICKSON	IMMEDIATE PAST PRESIDENT/MEMBERSHIP COUNCIL	2.00	Officer Director	$0	$0	$0
JOEL GENIESSE	BOARD MEMBER	1.00	Director	$0	$0	$0
JON SHOWALTER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY MICHAEL	VICE PRESIDENT ASSOCIATE	2.00	Officer Director	$0	$0	$0
LINDA DICKERT	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA BALDWIN	APPOINTEE TO EXECUTIVE COM	2.00	Officer Director	$0	$0	$0
LOU BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LUKE DOBBINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ASHBURN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT GAULT	BOARD MEMBER/REMODELERS COUNCIL	2.00	Director	$0	$0	$0
MELISSA ERVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE HUNSAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKKEL THOMPSON	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RACHEL WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB WEINTRAUB	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN JOHNSON	BOARD MEMBER/PARADE OF HOMES COUNCIL	2.00	Director	$0	$0	$0
SHARON ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM ANHUT	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY FRAZIER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRIPP LOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
VANESSA JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
WARREN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
WES CARROLL	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL KANE	EXECUTIVE VICE PRESIDENT/C	40.00	Officer	$233,008	$41,736	$274,744
SUZANNE HARRIS	VP OF GOVERNMENTAL AFFAIRS	40.00	Highest	$136,376	$19,011	$155,387

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	$2,802,952	$2,757,812	$1,853,690	$45,140
2023	$2,581,583	$2,570,518	$1,804,550	$11,065
2022	$2,410,629	$2,545,892	$1,803,155	$-135,263
2021	$2,368,816	$2,460,490	$2,007,395	$-91,674
2020	$1,917,758	$1,824,051	$2,120,448	$93,707

HOME BUILDERS ASSOC OF RALEIGH-WAKE CO