HOME BUILDERS ASSOCIATION OF KENTUCKY INC (EIN 610539290) - 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

1957

Legal Domicile

Principal Officer

ANETHA SANFORD

Phone

5028755478

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF KENTUCKY INC, founded in 1957, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 4% surplus.

Mission

PROVIDE SERVICES TO CONSTRUCTION AND HOME BUILDING COMPANIES AND INDIVIDUAL MEMBERS.

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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 $0

Program Service Revenue $1,098,572

Investment Income $83,482

Other Revenue $0

TOTAL REVENUE $1,182,054

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $485,585

Fundraising Expenses $0

Other Expenses $641,587

TOTAL EXPENSES $1,129,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,182,054	$1,098,957	+0.1%
Expenses	$1,129,172	$1,137,508	0.0%
Net Income	$52,882	$-38,551	-2.4%

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

$199,653

Total Directors

$199,653

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY DOELKER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MILLER	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
MARSHALL TODD	DIRECTOR	2.00	Director	$0	$0	$0
DON WIRTZBERGER	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM RAVER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE KEGLEY	DIRECTOR	2.00	Director	$0	$0	$0
VAL CLAYCOMB	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WELCH	PRESIDENT ELECT/TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS ANDERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID SOWDERS	DIRECTOR	2.00	Director	$0	$0	$0
TODD MILLAY	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CRYSTAL NEWTOWN	ASSOCIATE VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANETHA SANFORD	CEO/EVP	40.00	Officer Director	$170,454	$29,199	$199,653
RICHARD BEAN	DIRECTOR	2.00	Director	$0	$0	$0
BOB THIENEMAN	DIRECTOR	2.00	Director	$0	$0	$0
ERIC JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
JUVA BARBER	DIRECTOR	2.00	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	$1,182,054	$1,129,172	$2,761,058	$52,882
2023	$1,098,957	$1,137,508	$2,590,104	$-38,551
2022	$1,126,619	$1,157,639	$2,513,479	$-31,020
2021	$1,095,871	$953,635	$2,651,419	$142,236
2020	$989,176	$969,562	$2,452,143	$19,614
2019	$1,144,636	$1,073,769	$2,366,267	$70,867
2018	$1,143,899	$1,038,096	$2,193,277	$105,803

HOME BUILDERS ASSOCIATION OF KENTUCKY INC