HOME BUILDERS ASSOCIATION OF LEXINGTON INC (EIN 610488040) - 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

1952

Legal Domicile

Principal Officer

TODD JOHNSON

Phone

8592735117

Tax Period

2023-01-01 to 2023-12-31

HOME BUILDERS ASSOCIATION OF LEXINGTON INC, founded in 1952, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $244K, a strong 15% operating margin.

Mission

TO PROMOTE, IN ALL RESPECTS, THE HOME BUILDING INDUSTRY IN CENTRAL KENTUCKY.

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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 $708,005

Program Service Revenue $820,765

Investment Income $9,497

Other Revenue $50,371

TOTAL REVENUE $1,588,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $711,190

Fundraising Expenses $0

Program Expenses $983,254

Other Expenses $633,382

TOTAL EXPENSES $1,344,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,588,638	$1,482,248	+0.1%
Expenses	$1,344,572	$1,273,096	+0.1%
Net Income	$244,066	$209,152	+0.2%

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

$184,151

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW BRESTER	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE PALUMBO	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRENT ANDERSON	PRESIDENT ELECT/ GA	5.00	Officer Director	$0	$0	$0
STEPHEN HOWARD	REGIONAL LIAISON	1.00	Director	$0	$0	$0
CHRISTY HELTON	MEMBERSHIP COMMITTEE	1.00	Director	$0	$0	$0
GRAHAM JONES	EVENTS/ REVENUE GROWTH	1.00	Director	$0	$0	$0
CHIP FOLEY	GTOWN	1.00	Director	$0	$0	$0
KEVIN KERWIN	VP FINANCE/ GOV AFFAIRS CHAIR	1.00	Director	$0	$0	$0
JOHN ATCHISON	LIFE DIRECTOR	0.00	Director	$0	$0	$0
RAY BALL	LIFE DIRECTOR	0.00	Director	$0	$0	$0
MAC CRAWFORD	LIFE DIRECTOR	0.00	Director	$0	$0	$0
BILL HODGES	LIFE DIRECTOR	0.00	Director	$0	$0	$0
TOM KELLEY	LIFE DIRECTOR	0.00	Director	$0	$0	$0
DAVID THORNTON	LIFE DIRECTOR	0.00	Director	$0	$0	$0
SHIRLEY WISEMAN	LIFE DIRECTOR	0.00	Director	$0	$0	$0
EMILY PAYTON	MEMBERSHIP COMMITTEE	1.00	Director	$0	$0	$0
CRYSTAL GEIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT STOVER	BUILDING INSTITUTE	1.00	Director	$0	$0	$0
MIKE CRAVENS	LIFE DIRECTOR	0.00	Director	$0	$0	$0
TODD JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$175,929	$8,222	$184,151

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	$1,588,638	$1,344,572	$2,371,861	$244,066
2022	$1,482,248	$1,273,096	$1,721,394	$209,152
2021	$1,375,860	$1,163,269	$1,829,218	$212,591
2020	$983,732	$976,822	$1,169,197	$6,910
2019	$1,417,625	$1,375,015	$888,892	$42,610
2018	$1,183,854	$1,271,427	$875,225	$-87,573

HOME BUILDERS ASSOCIATION OF LEXINGTON INC