LAKE OCONEE AREA BUILDERS ASSOCIATION (EIN 581880256) - 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

1987

Legal Domicile

Principal Officer

JASON LATIMER

Phone

7069991591

Tax Period

2023-01-01 to 2023-12-31

LAKE OCONEE AREA BUILDERS ASSOCIATION, founded in 1987, is a small nonprofit that reported $213K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $185K left a modest 13% surplus.

Mission

THE PROMOTION OF THE LOCAL BUILDING INDUSTRY THROUGH ADVERTISING AND PROVIDING OPPORTUNITIES FOR ASSOCIATE MEMBERS TO NETWORK AND EXCHANGE IDEAS WITH OTHER BUILDING INDUSTRY MEMBERS, AND TO EDUCATE MEMBERS WITH CURRENT TRENDS AND RULES IN THE INDUSTRY, INCLUDING TRAINING AND LEGISLATIVE UPDATES.

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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 $49,981

Program Service Revenue $32,370

Investment Income $678

Other Revenue $129,497

TOTAL REVENUE $212,526

Expense Breakdown

Grants Paid $22,111

Salaries & Benefits $90,842

Fundraising Expenses $0

Program Expenses $176,425

Other Expenses $72,133

TOTAL EXPENSES $185,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,526	$157,670	+0.3%
Expenses	$185,086	$144,594	+0.3%
Net Income	$27,440	$13,076	+1.1%

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

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

$84,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON LATIMER	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRANDON BURGESS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JASON GREEN	TREASURER/SE	N/A	Officer Director	$0	$0	$0
DERRICK LYLE	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
SUSAN KENT	ASSOCIATE VP	N/A	Officer Director	$0	$0	$0
WENDY DANIEL	EXECUTIVE OF	40.00	Officer	$75,107	$9,033	$84,140
JAKE MEYER	DIRECTOR	N/A	Director	$0	$0	$0
DAN JONES	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL A JONES	DIRECTOR	N/A	Director	$0	$0	$0
BLAKE CULBERSON	DIRECTOR	N/A	Director	$0	$0	$0
JIM STRICKLAND	DIRECTOR	N/A	Director	$0	$0	$0
JODY PAGE	DIRECTOR	N/A	Director	$0	$0	$0
PAT KOZMA	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTY KIMBROUGH	DIRECTOR	N/A	Director	$0	$0	$0
ALAN DEARISO	DIRECTOR	N/A	Director	$0	$0	$0
BO ECHOLS	DIRECTOR	N/A	Director	$0	$0	$0
KELLY FOWLER	DIRECTOR	N/A	Director	$0	$0	$0
RICK BEUCHLER	DIRECTOR	N/A	Director	$0	$0	$0
GREIG MCCULLY	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE KELLY	DIRECTOR	N/A	Director	$0	$0	$0
JULIE WADE	DIRECTOR	N/A	Director	$0	$0	$0
BRETT MAULDIN	DIRECTOR	N/A	Director	$0	$0	$0
TIM PIERSON	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$212,526	$185,086	$313,010	$27,440
2022	$157,670	$144,594	$344,793	$13,076
2021	$120,350	$130,654	$319,186	$-10,304
2020	$94,791	$111,673	$320,075	$-16,882
2019	$150,681	$131,685	$304,801	$18,996
2018	$132,970	$127,456	$281,856	$5,514

LAKE OCONEE AREA BUILDERS ASSOCIATION