Home Builders Association of Davidson County

EIN: 561220701

Lexington, NC

Total Revenue
$52,524
Total Expenses
$45,925
Total Assets
$103,722
Net Assets
$91,733
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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
1979
Legal Domicile
NC
Principal Officer
LORI BECK CLEMENT
Phone
3362381930
Tax Period
2024-06-01 to 2025-05-31

Home Builders Association of Davidson County, founded in 1979, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Expenses of $46K left a modest 13% surplus.

Mission

TO PROTECT THE WELL BEING AND PROFESSIONALISM OF THE BUILDING INDUSTRY IN OUR COUNTY AS OUR MEMBERS STRIVE TO PROVIDE THE CITIZENS WITH QUALITY AFFORDABLE HOUSING

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,585
Program Service Revenue $0
Investment Income $5,939
Other Revenue $0
TOTAL REVENUE $52,524

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,410
Other Expenses $45,925
TOTAL EXPENSES $45,925

Year-over-Year Comparison

2024 2023 Change
Revenue $52,524 $48,860 +0.1%
Expenses $45,925 $44,315 +0.0%
Net Income $6,599 $4,545 +0.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beau Chollett Director 001.00
Director
$0 $0 $0
Jason Hedrick Vice President 001.00
Director
$0 $0 $0
Susan Huskey Director 001.00
Director
$0 $0 $0
Johnny Younts Director 001.00
Director
$0 $0 $0
Travis Zubke Director 001.00
Director
$0 $0 $0
Mark Smith Director 001.00
Director
$0 $0 $0
Keith Wingler Director 001.00
Director
$0 $0 $0
Mark Breeden Director 001.00
Director
$0 $0 $0
Dirk Swing Past President 001.00
Officer
$0 $0 $0
Roger Snider President 001.00
Officer
$0 $0 $0
Mary Ann Medlin Sec/Tres 001.00
Officer
$0 $0 $0
Lori Clement Executive Officier 005.00
Officer
$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 $52,524 $45,925 $103,722 $6,599
2024 $48,860 $44,315 $97,123 $4,545
2023 $44,431 $41,802 $94,092 $2,629
2022 $50,956 $48,258 $89,924 $2,698
2021 $54,298 $48,069 $87,226 $6,229
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