NORTH CAROLINA MANUFACTURED AND MO… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

Brad Lovin

Phone

9198722740

Tax Period

2024-10-01 to 2025-09-30

NORTH CAROLINA MANUFACTURED AND MODULAR HOMEBUILDERS ASSOCIATION, founded in 1968, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $523K, a strong 34% operating margin.

Mission

NCMHA is to be the trusted voice of the factory-built housing industry by providing valuable services for the growth and advancement of its members.

Program Service Accomplishments

Program 1

REGULATORY AFFAIRS: NCMHA MONITORS, EVALUATES AND TAKES ACTION ON ISSUES AFFECTING THE MANUFACTURED AND MODULAR HOUSING INDUSTRY THAT COME BEFORE THE NC GENERAL ASSEMBLY, LOCAL GOVERNMENTS, US...

REGULATORY AFFAIRS: NCMHA MONITORS, EVALUATES AND TAKES ACTION ON ISSUES AFFECTING THE MANUFACTURED AND MODULAR HOUSING INDUSTRY THAT COME BEFORE THE NC GENERAL ASSEMBLY, LOCAL GOVERNMENTS, US CONGRESS AND COURTS.

Program 2

ANNUAL BUSINESS MEETING: NCMHA HOSTS AN ANNUAL BUSINESS MEETING WHICH INCLUDES VARIOUS MEETINGS, SPEAKERS, EDUCATIONAL PROGRAMS FOR ATTENDEES. REGISTERED HOUSING SPECIALIST: NCMHA OFFERS A CLASS TO EDUCATE NEW SALESPERSONS AND PREPARE THEM FOR THE LICENSING TEST. MANUFACTURED HOUSING NEWSLETTER: NCMHA PRODUCES A NEWSLETTER ABOUT THE MANUFACTURED & MODULAR HOUSING INDUSTRY AND DISTRIBUTES TO ITS MEMBERSHIP. MEMBERSHIP DIRECTORY: NCMHA ANNUALLY PRODUCES AN UPDATED MEMBERSHIP DIRECTORY WHICH IS DISTRIBUTED TO ALL MEMBERS.

Program 3

STATE FAIR: NCMHA SPONSORS A MODULAR/MANUFACTURED HOME THAT IS DISPLAYED AT THE NC STATE FAIR TO EDUCATE THE PUBLIC AND PROMOTE 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 $1,006,164

Program Service Revenue $94,030

Investment Income $418,263

Other Revenue $2,000

TOTAL REVENUE $1,520,457

Expense Breakdown

Grants Paid $89,233

Salaries & Benefits $402,364

Fundraising Expenses $0

Other Expenses $505,584

TOTAL EXPENSES $997,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,520,457	$1,174,911	+0.3%
Expenses	$997,181	$880,810	+0.1%
Net Income	$523,276	$294,101	+0.8%

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

$240,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Billy Owens	President	1.00	Officer Director	$0	$0	$0
Tonnie Prevatte	1st Vice President	1.00	Officer Director	$0	$0	$0
Jeff Jones	2nd Vice President	1.00	Officer Director	$0	$0	$0
Mark Johnson	Treasurer	1.00	Officer Director	$0	$0	$0
Chris Cameron	Secretary	1.00	Officer Director	$0	$0	$0
Joe Earnhardt	Immediate Past President	1.00	Officer Director	$0	$0	$0
Vito Montaperto	Member	1.00	Director	$0	$0	$0
Michael Blackburn	Member	1.00	Director	$0	$0	$0
Yana Billet	Member	1.00	Director	$0	$0	$0
Dascheil Propes	Member	1.00	Director	$0	$0	$0
Richard Smith	Member	1.00	Director	$0	$0	$0
Craig Thompson	Member	1.00	Director	$0	$0	$0
Jimmy Holmes	Member	1.00	Director	$0	$0	$0
Chris Lowry	Member	1.00	Director	$0	$0	$0
Tom Christ	Member	1.00	Director	$0	$0	$0
J Williams	Member	1.00	Director	$0	$0	$0
Neal Locklear	Member	1.00	Director	$0	$0	$0
Stacy Strawn	Member	1.00	Director	$0	$0	$0
Donald Aheron	Member	1.00	Director	$0	$0	$0
Brad Lovin	Executive Director	40.00	Officer	$212,582	$28,328	$240,910

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	$1,520,457	$997,181	$5,048,800	$523,276
2024	$1,174,911	$880,810	$4,608,342	$294,101
2023	$981,605	$791,525	$3,901,145	$190,080
2022	$1,061,626	$775,387	$3,591,749	$286,239
2021	$978,906	$666,209	$3,624,965	$312,697
2020	$908,102	$634,787	$3,058,137	$273,315

NORTH CAROLINA MANUFACTURED AND MODULAR HOMEBUILDERS ASSOCIATION