Charlotte DeSoto Building Industry… - Form 990 Financial Data

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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

1985

Legal Domicile

Phone

9416250804

Tax Period

2024-01-01 to 2024-12-31

Charlotte DeSoto Building Industry Association, founded in 1985, is a small nonprofit that reported $328K in total revenue in fiscal year 2024.

Program Service Accomplishments

Program 1

Expenses: $60,441

The entity is a professional trade organization which provides services to members to enhance their professionalism and encourage their involvement in community leadership, provide education and...

The entity is a professional trade organization which provides services to members to enhance their professionalism and encourage their involvement in community leadership, provide education and advocacy programs to achieve safe and affordable housing throughout the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $156,787

Program Service Revenue $4,448

Investment Income $8,200

Other Revenue $158,518

TOTAL REVENUE $327,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,275

Fundraising Expenses $0

Program Expenses $60,441

Other Expenses $149,355

TOTAL EXPENSES $360,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,953	$328,776	0.0%
Expenses	$360,630	$325,312	+0.1%
Net Income	$-32,677	$3,464	-10.4%

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

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

Total Directors

Key Employees

$51,552

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Donna Barrett	Executive Officer	Highest	$110,000	$0	$110,000
Alaina Dumas	Event Corrdinator	Key Emp	$51,552	$0	$51,552
Zac Extejt	2019 President & FHBA Life Director	Director	$0	$0	$0
Shan Swelland	Treasurer	Director	$0	$0	$0
Rick Illmberger	FHBA Life Director	Director	$0	$0	$0
Thomas TJ Thornberry	FHBA Life Director	Director	$0	$0	$0
Cindy Marsh-Tichy	Secretary	Director	$0	$0	$0
Blair McVety	Board Member - Builder	Director	$0	$0	$0
Wendy Atkinson	FHBA Life Director	Director	$0	$0	$0
Carlene Zeches	Board Member - Associate	Director	$0	$0	$0
Bill Truex	FHBA Life Director	Director	$0	$0	$0
Colleen Ferrara	2021 Associate Vice President	Director	$0	$0	$0
Odette Embury	FHBA Life Director	Director	$0	$0	$0
Suzanne Graham	FHBA Life Director	Director	$0	$0	$0
Thomas Thornberry	FHBA Life Director	Director	$0	$0	$0
Jim Anderson	FHBA Life Director	Director	$0	$0	$0
Sharon Neuhofer	FHBA Life Dirctor	Director	$0	$0	$0
Jim Weisberg	2022 President	Director	$0	$0	$0
Jennifer CirellaDubbaneh	Board Member - Builder	Director	$0	$0	$0
Trena Casa	Board Member Associate	Director	$0	$0	$0
Kathy Kemeny	Board Member - Builder	Director	$0	$0	$0
Rodney Luke	Board Member - Builder	Director	$0	$0	$0
Kris Proudfoot	PWB Ex-Officio	Director	$0	$0	$0
John Wiseman	FHBA Life Director	Director	$0	$0	$0
Rich Lancette	2023 Associate Vice President	Director	$0	$0	$0
Rick Kelley	2022 Associate Vice President	Director	$0	$0	$0
Don Riggs	FHBA Life Director	Director	$0	$0	$0
Billie Jo Decker	Board Member - Associate	Director	$0	$0	$0
Chris Hege	Board Member - Associate	Director	$0	$0	$0
Dustin Maherg	Board Member - Associate	Director	$0	$0	$0
Paul Maloney	Board Member - Builder	Director	$0	$0	$0
Colton M McVety	Board Member - Builder	Director	$0	$0	$0
Jessica Overcash	PWB EX-Officio	Director	$0	$0	$0
Sandra Cheek	PWB Ex-Officio	Director	$0	$0	$0
Nikki Davis	NextGen Representative	Director	$0	$0	$0
Bob Miller	FHBA Bulder Director	Director	$0	$0	$0
Caryn Huff Sufferling	2021 President	Director	$0	$0	$0
Jaha Cummings	First Vice President	Officer	$0	$0	$0
Jimi Smith	2024 President	Officer	$0	$0	$0
Adam Riley	Immediate Past President	Officer	$0	$0	$0
Robin Lindecamp	Associate Vice President	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
2024	$327,953	$360,630	$563,059	$-32,677
2023	$328,776	$325,312	$570,632	$3,464
2021	$262,394	$270,921	$609,138	$-8,527
2020	$237,421	$230,837	$581,477	$6,584
2019	$272,679	$227,182	$571,005	$45,497
2018	$324,662	$228,801	$518,086	$95,861

Charlotte DeSoto Building Industry Association