TAVARES, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOME BUILDERS ASSOCIATION OF LAKE C, founded in 1975, is a small nonprofit that reported $224K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 33% operating margin.
THE HOME BUILDERS ASSOCIATION OF LAKE COUNTY SERVES APPROXIMATELY 160 CORPORATE AND INDIVIDUAL MEMBERS INVOLVED IN THE CONSTRUCTION AND RELATED INDUSTRIES, INCLUDING PROFESSIONAL HOMEBUILDERS, CONSTRUCTION-RELATED TRADESMEN AND REAL ESTATE INDUSTRY PARTNERS. ITS SERVICE AREA INCLUDES LAKE AND SUMTER COUNTIES AND MEMBERS ALSO BELONG TO BOTH THE FLORIDA AND NATIONAL ASSOCIATIONS. THE MISSION OF THE ASSOCIATION IS TO PROVIDE SERVICE, EDUCATION, INFORMATION AND NETWORKING OPPORTUNITIES TO THOSE MEMBERS AND TO USE ITS UNIFIED STRENGTH AND RESOURCES TO ENSURE THE HIGHEST POSSIBLE STANDARDS OF QUALITY, INTEGRITY AND PROFESSIONALISM WITHIN THE BUILDING INDUSTRY WHILE MONITORING GOVERNMENT TO ENSURE THE PRESERVATION OF THE AMERICAN DREAM OF OWNING A HOME. THESE AIMS ARE CARRIED OUT THROUGH NEWSLETTERS, MONTHLY DINNER MEETINGS WITH SPEAKERS, EDUCATIONAL SESSIONS, COMMUNITY EVENTS AND OTHER RELATED SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $223,789 | $126,219 | +0.8% |
| Expenses | $149,219 | $143,167 | +0.0% |
| Net Income | $74,570 | $-16,948 | -5.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MIKE CARTER | LIFE DIRECTO | 3.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM BUD DORMAN | LIFE DIRECTO | 5.00 |
Director
|
$0 | $0 | $0 |
| ADAM EDGINGTON | VICE PRESIDE | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHIL FERN | BUILDER DIRE | 3.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIE FOLKER | ASSOCIATE DI | 4.00 |
Director
|
$0 | $0 | $0 |
| GEORGE HANSFORD | LIFE DIRECTO | 3.00 |
Director
|
$0 | $0 | $0 |
| JEREMY HAUFF | IMMED PAST P | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN KNOP | ASSOCIATE DI | 4.00 |
Director
|
$0 | $0 | $0 |
| CARL LUDECKE | LIFE DIRECTO | 3.00 |
Director
|
$0 | $0 | $0 |
| PHIL MASTROSIMONE | BUILDER DIRE | 3.00 |
Director
|
$0 | $0 | $0 |
| JIMMY MOORE | BUILDER DIRE | 3.00 |
Director
|
$0 | $0 | $0 |
| MIKE NEACE | BUILDER DIRE | 3.00 |
Director
|
$0 | $0 | $0 |
| JANET NOACK | ASSOCIATE DI | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK ROJAS | BUILDER DIRE | 3.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN SHELTON | ASSOC VICE P | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICK SMITH | PRESIDENT | 7.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROGER STEPHAN | BUILDER DIRE | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLARENCE TIBBS | LIFE DIRECTO | 3.00 |
Director
|
$0 | $0 | $0 |
| LAURA TOLBERT | SECRETARY/TR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $223,789 | $149,219 | $307,950 | $74,570 |
| 2023 | $126,219 | $143,167 | $112,847 | $-16,948 |
| 2022 | $123,268 | $157,099 | $134,004 | $-33,831 |
| 2021 | $129,921 | $156,677 | $184,223 | $-26,756 |
| 2020 | $155,987 | $161,620 | $188,864 | $-5,633 |
| 2019 | $161,290 | $177,733 | $222,605 | $-16,443 |
| 2018 | $202,601 | $179,188 | $218,070 | $23,413 |
Compare HOME BUILDERS ASSOCIATION OF LAKE C with other nonprofits in Florida and across the country.