HBA OF DURHAM ORANGE & CHATHAM COUNTIES FOUNDATION INC (EIN 562074868) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

HOLLY FRACCARO

Phone

9194938899

Tax Period

2024-01-01 to 2024-12-31

HBA OF DURHAM ORANGE & CHATHAM COUNTIES FOUNDATION INC, founded in 1997, is a small nonprofit in the Education sector that reported $287K in total revenue in fiscal year 2024. The organization ran a surplus of $142K, a strong 49% operating margin.

Mission

THE HBA OF DURHAM, ORANGE AND CHATHAM COUNTIES FOUNDATION'S MISSION IS TO FOSTER CAREERS IN THE SKILLED TRADES BY PROVIDING EDUCATIONAL SCHOLARSHIPS AND WORKFORCE OPPORTUNITIES TO INDIVIDUALS INTERESTED IN A CAREER IN HOME BUILDING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $246,367

Program Service Revenue $0

Investment Income $8,990

Other Revenue $31,396

TOTAL REVENUE $286,753

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,967

Other Expenses $137,223

TOTAL EXPENSES $145,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,753	$273,124	+0.0%
Expenses	$145,223	$124,802	+0.2%
Net Income	$141,530	$148,322	0.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$157,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY FRACCARO	EXECUTIVE DIRECTOR	10.00	Officer	$0	$14,925	$157,372
MITCH BARRON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEE BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN COMBS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE GOOLSBY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY LANHOU	DIRECTOR	1.00	Director	$0	$0	$0
PETE THORN	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
2024	$286,753	$145,223	$441,360	$141,530
2023	$273,124	$124,802	$304,814	$148,322

HBA OF DURHAM ORANGE & CHATHAM COUNTIES FOUNDATION INC