LAKE NORMAN HOME BUILDERS ASSOCIATION INC (EIN 561666020) - 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

1991

Legal Domicile

Principal Officer

SEAN GALLAGHER

Phone

7046645622

Tax Period

2023-01-01 to 2023-12-31

LAKE NORMAN HOME BUILDERS ASSOCIATION INC, founded in 1991, is a small nonprofit that reported $183K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

SUPPORT AREA HOME BUILDERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $151,479

Program Service Revenue $0

Investment Income $0

Other Revenue $31,089

TOTAL REVENUE $182,568

Expense Breakdown

Grants Paid $5,130

Salaries & Benefits $69,381

Fundraising Expenses $0

Program Expenses $40,006

Other Expenses $104,323

TOTAL EXPENSES $178,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,568	$157,105	+0.2%
Expenses	$178,834	$155,794	+0.1%
Net Income	$3,734	$1,311	+1.8%

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

N/A

Independent Members

N/A

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

$61,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH WHITE	EXCEUTIVE DIRECTOR	40.00	Officer Highest	$61,595	$0	$61,595
SEAN GALLAGHER	PRESIDENT	1.00	Officer	$0	$0	$0
JOSH BURGER	ASSOC VICE PRESIDENT	1.00	Officer	$0	$0	$0
SCOTT NEEDHAM	DIRECTOR	1.00	Director	$0	$0	$0
SAM MERITT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ALMA JACOBS	SECRETARY	1.00	Officer	$0	$0	$0
N/A	DIRECTOR	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
2023	$182,568	$178,834	$140,957	$3,734
2022	$157,105	$155,794	$129,514	$1,311
2021	$138,018	$165,701	$131,077	$-27,683
2020	$155,588	$162,474	$142,415	$-6,886
2019	$202,312	$184,427	$133,568	$17,885
2018	$176,374	$169,764	$116,330	$6,610

LAKE NORMAN HOME BUILDERS ASSOCIATION INC